Forex Murrey Math Lines and Forecasts

About Murrey Math Lines

Being rather a new trading indicator, Murrey math lines become more prominent with each day.  Not only can it show supports and resistances, but also helps in determining the trends and trend changes. Using the respective indicator is quite simple, due to its resemblance to pivot points and Fibonacci retracements. Murrey math lines and forecasts were developed based on the research performed by William Gann, and therefore, represent an easy way to realize Gann.

 


Murrey Math Lines 05.11.2016 (EUR/USD, GBP/JPY)
Murrey Math Lines 05.11.2016 (EUR/USD, GBP/JPY)

Analysis for December 5th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair rebounded from the daily Super Trend three times and, as a result, broke the local low. It’s highly lik...

Murrey Math Lines 02.12.2016 (EUR/USD, GBP/USD)
Murrey Math Lines 02.12.2016 (EUR/USD, GBP/USD)

Analysis for December 2nd, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is testing the daily Super Trend. In case the price rebounds from it, the market may resume moving down...

Murrey Math Lines 01.12.2016 (EUR/USD, EUR/JPY)
Murrey Math Lines 01.12.2016 (EUR/USD, EUR/JPY)

Analysis for December 1st, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still being corrected between Super Trends. It’s highly likely that in the nearest future the market...

Murrey Math Lines 30.11.2016 (EUR/USD, EUR/JPY)
Murrey Math Lines 30.11.2016 (EUR/USD, EUR/JPY)

Analysis for November 30th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still consolidating and testing the daily Super Trend again. If the market breaks it, the price may...

Murrey Math Lines 29.11.2016 (EUR/USD, GBP/USD)
Murrey Math Lines 29.11.2016 (EUR/USD, GBP/USD)

Analysis for November 29th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still consolidating inside the “oversold zone”. Yesterday, the price rebounded from the daily Super...

Murrey Math Lines 28.11.2016 (EUR/USD, EUR/JPY)
Murrey Math Lines 28.11.2016 (EUR/USD, EUR/JPY)

Analysis for November 28th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair broken the -1/8 level and fixed above it, which means that the price may start an ascending correction...

Murrey Math Lines 25.11.2016 (EUR/USD, EUR/JPY)
Murrey Math Lines 25.11.2016 (EUR/USD, EUR/JPY)

Analysis for November 25th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still being corrected. Possibly, in the nearest future the market may test the daily Super Trend. I...

Murrey Math Lines 24.11.2016 (EUR/USD, USD/CHF)
Murrey Math Lines 24.11.2016 (EUR/USD, USD/CHF)

Analysis for November 24th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair continues falling inside the “oversold zone”. Earlier, the price rebounded from the H4 Super Trend sev...

Murrey Math Lines 23.11.2016 (EUR/USD, USD/CHF)
Murrey Math Lines 23.11.2016 (EUR/USD, USD/CHF)

Analysis for November 23rd, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still consolidating below the H4 Super Trend. If later the price is able to stay below the -1/8 lev...

Murrey Math Lines 22.11.2016 (EUR/USD, USD/CHF)
Murrey Math Lines 22.11.2016 (EUR/USD, USD/CHF)

Analysis for November 22nd, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still consolidating at the H4 Super Trend. If the price stays below it, the market will resume its ...

Murrey Math Lines 21.11.2016 (EUR/USD, USD/CHF)
Murrey Math Lines 21.11.2016 (EUR/USD, USD/CHF)

Analysis for November 21st, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is moving below the H4 Super Trend and testing the -1/8 level. If the price rebounds from this level, ...

Murrey Math Lines 18.11.2016 (EUR/USD, USD/CHF)
Murrey Math Lines 18.11.2016 (EUR/USD, USD/CHF)

Analysis for November 18th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair is still moving downwards inside the “oversold zone”. Earlier, Super Trends formed “bearish cross”. As...

Murrey Math Lines 17.11.2016 (EUR/USD, AUD/USD)
Murrey Math Lines 17.11.2016 (EUR/USD, AUD/USD)

Analysis for November 17th, 2016 EUR USD, “Euro vs US Dollar” After rebounding from the H4 Super Trend, the EUR/USD pair fixed below the 0/8 level inside the “oversold zone”. Conseq...

Murrey Math Lines 16.11.2016 (EUR/USD, USD/CHF)
Murrey Math Lines 16.11.2016 (EUR/USD, USD/CHF)

Analysis for November 16th, 2016 EUR USD, “Euro vs US Dollar” After rebounding from the H4 Super Trend, the EUR/USD pair is again trying to fix below the 0/8 level. If bears succeed...

Murrey Math Lines 15.11.2016 (EUR/USD, AUD/USD)
Murrey Math Lines 15.11.2016 (EUR/USD, AUD/USD)

Analysis for November 15th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair reached the 0/8 level and started a new ascending correction with the closest target at the 1/8 level ...

Murrey Math Lines 14.11.2016 (EUR/USD, AUD/USD)
Murrey Math Lines 14.11.2016 (EUR/USD, AUD/USD)

Analysis for November 14th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair reached the 1/8 level, but didn’t rebound from it. Earlier, the +1/8 level provided resistance and Sup...

Murrey Math Lines 11.11.2016 (EUR/USD, AUD/USD)
Murrey Math Lines 11.11.2016 (EUR/USD, AUD/USD)

Analysis for November 11th, 2016 EUR USD, “Euro vs US Dollar” At the H4 chart, Super Trends formed “bearish cross”. Earlier, the EUR/USD pair rebounded from the +1/8 level and start...

Murrey Math Lines 10.11.2016 (EUR/USD, AUD/USD)
Murrey Math Lines 10.11.2016 (EUR/USD, AUD/USD)

Analysis for November 10th, 2016 EUR USD, “Euro vs US Dollar” Yesterday, the bullish rally was stopped by the +1/8 level and the price rebounded from it. The pair plummeted and brok...

Murrey Math Lines 09.11.2016 (EUR/USD, EUR/JPY)
Murrey Math Lines 09.11.2016 (EUR/USD, EUR/JPY)

Analysis for November 9th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair moved upwards quickly, but was stopped by the +1/8 level and rebounded from it. Later, bears started a ...

Murrey Math Lines 08.11.2016 (EUR/USD, AUD/USD)
Murrey Math Lines 08.11.2016 (EUR/USD, AUD/USD)

Analysis for November 8th, 2016 EUR USD, “Euro vs US Dollar” The EUR/USD pair couldn’t stay above the 6/8 level, but then managed to fix below the H4 Super Trend. Consequently, in t...


Using the Murrey Math Lines

Murrey math lines and forecasts come in pretty handy when striving for the 100% fulfilled Technical Analysis. The great contribution of T. H. Murrey was the development of a system of geometry that can be used to follow market price movements in time.

The indicator includes 9 lines that move parallel to one another. The first line from the bottom (0/8 - oversold) and the last one (8/8 - overbought) are the hardest lines to cross, and when it happens, the chances of the price reversal are pretty high. The normal trading range is considered to be between the lines 3/8 and 5/8. These lines are actually crucial in determining the state of the trading market. If the price stays near the line 5/8 for more than 8-9 days, it is advisable to sell in this zone. When the price is running down below the line 3/8, it will most likely continue falling to the next resistance level.

When the price appears between two lines, the upper one is regarded as resistance and the lower one - as support.

What Should the Trader Be Cautious Of?

Murrey Math lines are basically a set of support and resistance lines and like any such line are unpredictive. This means that while trading with the help of these lines, there's always a risk of price not moving in the direction suggested by Murrey. Therefore, the trading strategy that is based on Murrey math lines better have a good risk management to avoid losing capital.