Forex Murrey Math Lines and Forecasts


Murrey Math Lines 23.10.2017 (USD/CHF, USD/CAD)
Murrey Math Lines 23.10.2017 (USD/CHF, USD/CAD)

23.10.2017USD CHF, “US Dollar vs Swiss Franc”At the H4 chart, the USD/CHF pair is trading inside the “overbought zone” above the 8/8 level. If the price breaks the +1/8 level at 0.98...

Murrey Math Lines 20.10.2017 (AUD/CHF, EUR/CHF)
Murrey Math Lines 20.10.2017 (AUD/CHF, EUR/CHF)

20.10.2017AUD CHF, “Australian Dollar vs Swiss Franc”At the H4 chart, the AUD/CHF pair is consolidating between the 3/8 and 5/8 levels at 0.7659 and 0.7720 respectively. The price is...

Murrey Math Lines 19.10.2017 (EUR/USD, AUD/USD)
Murrey Math Lines 19.10.2017 (EUR/USD, AUD/USD)

19.10.2017EUR USD, “Euro vs. US Dollar”At the H4 chart, after breaking the 1/8 level at 1.1779, the EUR/USD pair started moving towards its first target at the 3/8 one at 1.1901.At t...

Murrey Math Lines 18.10.2017 (EUR/USD, EUR/JPY)
Murrey Math Lines 18.10.2017 (EUR/USD, EUR/JPY)

18.10.2017EUR USD, “Euro vs. US Dollar”At the H4 chart, the EUR/USD pair is expected to test the support at the 0/8 level at 1.1718, rebound from it, and then resume growing towards ...

Murrey Math Lines 17.10.2017 (NZD/CHF, EUR/JPY)
Murrey Math Lines 17.10.2017 (NZD/CHF, EUR/JPY)

17.10.2017NZD CHF, “New Zealand Dollar vs Swiss Franc”As we can see at the H4 chart, the NZD/CHF pair has rebounded from the 3/8 level at 0.7019. Later, the price is expected to resu...

Murrey Math Lines 16.10.2017 (GBP/USD, USD/JPY)
Murrey Math Lines 16.10.2017 (GBP/USD, USD/JPY)

16.10.2017GBP USD, “Great Britain Pound vs US Dollar”As we can see at the H4 chart, the GBP/USD pair is trading close to the upside border of the consolidation range near the 5/8 lev...

Murrey Math Lines 13.10.2017 (GOLD, EUR/GBP)
Murrey Math Lines 13.10.2017 (GOLD, EUR/GBP)

13.10.2017XAU USD, “Gold vs. US Dollar”As we can see at the H4 chart, the XAU/USD pair has reached the 3/8 level at 1296.88. The price is expected to rebound from this level and resu...

Murrey Math Lines 12.10.2017 (EUR/USD, AUD/USD)
Murrey Math Lines 12.10.2017 (EUR/USD, AUD/USD)

12.10.2017EUR USD, “Euro vs. US Dollar”As we can see at the H4 chart, the EUR/USD pair is quickly getting closer to its first target at the 3/8 level at 1.1901, which means that it m...

Murrey Math Lines 11.10.2017 (GBP/USD, AUD/USD)
Murrey Math Lines 11.10.2017 (GBP/USD, AUD/USD)

11.10.2017GBP USD, “Great Britain Pound vs US Dollar”At the H4 chart, the GBP/USD pair is expected to test the 3/8 level at 1.3061. However, in order to do that, the price has to bre...

Murrey Math Lines 10.10.2017 (USD/CHF, USD/JPY)
Murrey Math Lines 10.10.2017 (USD/CHF, USD/JPY)

10.10.2017USD CHF, “US Dollar vs Swiss Franc”At the H4 chart, the USD/CHF pair is trading above the 8/8 level at 0.9765. If the price breaks this level, it may resume moving downward...

Murrey Math Lines 09.10.2017 (EUR/USD, USD/JPY)
Murrey Math Lines 09.10.2017 (EUR/USD, USD/JPY)

09.10.2017EUR USD, “Euro vs. US Dollar”At the H4 chart, the EUR/USD pair couldn’t continue falling to reach its main target at 1.1596. By now, the price has broken the 0/8 level upwa...

Murrey Math Lines 06.10.2017 (EUR/USD, GBP/USD)
Murrey Math Lines 06.10.2017 (EUR/USD, GBP/USD)

06.10.2017EUR USD, “Euro vs. US Dollar”At the H4 chart, the EUR/USD pair broke the support at the 0/8 level at 1.1718, just as expected. At the moment, the price is expected to test ...

Murrey Math Lines 05.10.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 05.10.2017 (EUR/USD, USD/CHF)

05.10.2017EUR USD, “Euro vs. US Dollar”As we can see at the H4 chart, the EUR/USD pair has rebounded from the support at the 0/8 level at 1.1718 and, according to the forecast, must ...

Murrey Math Lines 04.10.2017 (GBP/USD, AUD/USD)
Murrey Math Lines 04.10.2017 (GBP/USD, AUD/USD)

04.10.2017GBP USD, “Great Britain Pound vs US Dollar”As we can see at the H4 chart, the GBP/USD pair is consolidating between the 3/8 and 5/8 levels at 1.3061 and 1.3305 respectively...

Murrey Math Lines 03.10.2017 (EUR/USD, AUD/USD)
Murrey Math Lines 03.10.2017 (EUR/USD, AUD/USD)

03.10.2017EUR USD, “Euro vs. US Dollar”As we can see at the H4 chart, the EUR/USD pair has broken the support at the 0/8 level at 1.1718 and entered the “oversold zone”, where there ...

Murrey Math Lines 02.10.2017 (GBP/USD, NZD/USD)
Murrey Math Lines 02.10.2017 (GBP/USD, NZD/USD)

02.10.2017GBP USD, “Great Britain Pound vs US Dollar”At the H4 chart, the GBP/USD pair is expected to test the 5/8 level at 1.3305, rebound from it, and then resume growing towards t...

Murrey Math Lines 29.09.2017 (GOLD, USD/CHF)
Murrey Math Lines 29.09.2017 (GOLD, USD/CHF)

29.09.2017XAU USD, “Gold vs US Dollar”As we can see at the H4 chart, the XAU/USD pair has reached its target at the 0/8 level at 1281.25 and rebounded from it. Right now, the price i...

Murrey Math Lines 28.09.2017 (EUR/USD, AUD/USD)
Murrey Math Lines 28.09.2017 (EUR/USD, AUD/USD)

28.09.2017EUR USD, “Euro vs. US Dollar”As we can see at the H4 chart, the EUR/USD pair has reached its main target at the 0/8 level at 1.1718. At the moment, there are two possible s...

Murrey Math Lines 27.09.2017 (EUR/USD, GBP/USD)
Murrey Math Lines 27.09.2017 (EUR/USD, GBP/USD)

27.09.2017EUR USD, “Euro vs. US Dollar”At the H4 chart, the EUR/USD pair is still moving towards its main target at the support at the 0/8 level at 1.1718, just as expected. The last...

Murrey Math Lines 26.09.2017 (XAU/USD, GBP/AUD)
Murrey Math Lines 26.09.2017 (XAU/USD, GBP/AUD)

26.09.2017XAU USD, “Gold vs US Dollar”At the H4 chart, the XAU/USD pair is expected to test the 4/8 level at 1312.50 and then fall towards the 3/8 one at 1296.88. After that, the lat...


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.