Forex Murrey Math Lines and Forecasts


Murrey Math Lines 16.01.2018 (AUD/USD, NZD/USD)
Murrey Math Lines 16.01.2018 (AUD/USD, NZD/USD)

16.01.2018AUD USD, “Australian Dollar vs US Dollar”As we can see at the H4 chart, the AUD/USD pair is trading between the 6/8 and 7/8 levels. In this situation, there are two possibl...

Murrey Math Lines 15.01.2018 (EUR/USD, GBP/USD)
Murrey Math Lines 15.01.2018 (EUR/USD, GBP/USD)

15.01.2018EUR USD, “Euro vs. US Dollar”At the H4 chart, the EUR/USD pair is trading inside the “overbought zone” above the 8/8 level. If the price breaks this level downwards, it may...

Murrey Math Lines 12.01.2018 (EUR/USD, GBP/USD)
Murrey Math Lines 12.01.2018 (EUR/USD, GBP/USD)

12.01.2018EUR USD, “Euro vs. US Dollar”At the H4 chart, the EUR/USD pair is expected to continue growing towards the resistance at the 6/8 level. However, an alternative scenario imp...

Murrey Math Lines 11.01.2018 (USD/CHF, GOLD)
Murrey Math Lines 11.01.2018 (USD/CHF, GOLD)

11.01.2018USD CHF, “US Dollar vs Swiss Franc”As we can see at the H4 chart, the USD/CHF pair has rebounded from the support at the 0/8 level. Later, the price is expected to continue...

Murrey Math Lines 10.01.2018 (USD/JPY, USD/CAD)
Murrey Math Lines 10.01.2018 (USD/JPY, USD/CAD)

10.01.2018USD JPY, “US Dollar vs. Japanese Yen”As we can see at the H4 chart, the USD/JPY pair is consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to te...

Murrey Math Lines 09.01.2018 (AUD/USD, NZD/USD)
Murrey Math Lines 09.01.2018 (AUD/USD, NZD/USD)

09.01.2018AUD USD, “Australian Dollar vs US Dollar”As we can see at the H4 chart, the AUD/USD pair is trading inside the “overbought zone”. The price is expected to test the +1/8 lev...

Murrey Math Lines 08.01.2018 (EUR/USD, GBP/USD)
Murrey Math Lines 08.01.2018 (EUR/USD, GBP/USD)

08.01.2018EUR USD, “Euro vs. US Dollar”At the H4 chart, the EUR/USD pair is expected to break the 5/8 level and then continue falling to test the support at the 4/8 one.At the H1 cha...

Murrey Math Lines 05.01.2018 (EUR/USD, GBP/USD)
Murrey Math Lines 05.01.2018 (EUR/USD, GBP/USD)

05.01.2018At the H4 chart, the EUR/USD pair is expected to break the 6/8 level and then continue growing towards the resistance at the 8/8 one.At the H1 chart, the scenario is differ...

Murrey Math Lines 04.01.2017 (USD/CHF, GOLD)
Murrey Math Lines 04.01.2017 (USD/CHF, GOLD)

04.01.2018USD CHF, “US Dollar vs Swiss Franc”As we can see at the H4 chart, the USD/CHF pair has broken the 0/8 level and left the “oversold zone”. Right now, the price is expected t...

Murrey Math Lines 03.10.2018 (USD/JPY, USD/CAD)
Murrey Math Lines 03.10.2018 (USD/JPY, USD/CAD)

03.01.2018USD JPY, “US Dollar vs. Japanese Yen”As we can see at the H4 chart, the USD/JPY pair is consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to fa...

Murrey Math Lines 29.12.2017 (EUR/USD, GBP/USD)
Murrey Math Lines 29.12.2017 (EUR/USD, GBP/USD)

29.12.2017EUR USD, “Euro vs. US Dollar”As we can see at the H4 chart, the EUR/USD pair is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling t...

Murrey Math Lines 28.12.2017 (USD/CHF, GOLD)
Murrey Math Lines 28.12.2017 (USD/CHF, GOLD)

28.12.2017USD CHF, “US Dollar vs Swiss Franc”As we can see at the H4 chart, the USD/CHF pair has broken the 3/8 level and right now is expected to continue falling towards the 1/8 on...

Murrey Math Lines 27.12.2017 (USD/JPY, USD/CAD)
Murrey Math Lines 27.12.2017 (USD/JPY, USD/CAD)

27.12.2017USD JPY, “US Dollar vs. Japanese Yen”As we can see at the H4 chart, the USD/JPY pair is consolidating close to the 5/8 level. Right now, the price is expected to fall towar...

Murrey Math Lines 26.12.2017 (AUD/USD, NZD/USD)
Murrey Math Lines 26.12.2017 (AUD/USD, NZD/USD)

26.12.2017AUD USD, “Australian Dollar vs US Dollar”As we can see at the H4 chart, the AUD/USD pair is trading inside the “overbought zone”. The price is expected to break the 8/8 lev...

Murrey Math Lines 22.12.2017 (EUR/USD, GBP/USD)
Murrey Math Lines 22.12.2017 (EUR/USD, GBP/USD)

22.12.2017EUR USD, “Euro vs. US Dollar”At the H4 chart, the EUR/USD pair is trading close to the 6/8 level. The price is expected to continue growing towards the resistance at the 8/...

Murrey Math Lines 21.12.2017 (USD/CHF, GOLD)
Murrey Math Lines 21.12.2017 (USD/CHF, GOLD)

21.12.2017USD CHF, “US Dollar vs Swiss Franc”As we can see at the H4 chart, the USD/CHF pair is consolidating between the 3/8 and 5/8 levels. The price is expected to rebound from th...

Murrey Math Lines 20.12.2017 (USD/JPY, USD/CAD)
Murrey Math Lines 20.12.2017 (USD/JPY, USD/CAD)

20.12.2017USD JPY, “US Dollar vs. Japanese Yen”As we can see at the H4 chart, the USD/JPY pair is consolidating between the 3/8 and 5/8 levels. The price is expected to reach the ups...

Murrey Math Lines 19.12.2017 (AUD/USD, NZD/USD)
Murrey Math Lines 19.12.2017 (AUD/USD, NZD/USD)

19.12.2017AUD USD, “Australian Dollar vs US Dollar”As we can see at the H4 chart, the AUD/USD pair is expected to test the resistance at the 8/8 level, rebound from it, and then resu...

Murrey Math Lines 18.12.2017 (EUR/USD, GBP/USD)
Murrey Math Lines 18.12.2017 (EUR/USD, GBP/USD)

18.12.2017EUR USD, “Euro vs. US Dollar”As we can see at the H4 chart, the EUR/USD pair is expected to test the 5/8 level, rebound from it, and then resume falling towards the 4/8 one...

Murrey Math Lines 15.12.2017 (EUR/USD, GBP/USD)
Murrey Math Lines 15.12.2017 (EUR/USD, GBP/USD)

15.12.2017EUR USD, “Euro vs. US Dollar”At the H4 chart, the EUR/USD pair is trading close to the 5/8 level. The price is expected to rebound from it and then resume growing towards t...


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.

 

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.

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