Forex Murrey Math Lines and Forecasts


Murrey Math Lines 17.05.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 17.05.2017 (EUR/USD, GBP/JPY)

EUR USD "Euro vs US Dollar" The EUR/USD pair has reached the 3/8 level and rebounded from it. Furthermore, on the D1 chart this level still serves as a 7/8 level. Consequenlty...

Murrey Math Lines 16.05.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 16.05.2017 (EUR/USD, GBP/JPY)

EUR USD "Euro vs US Dollar" The EUR/USD pair has hit a new local high and is trying to hold in the "overbought zone". In the near term the price can rise and reach the +2/8 le...

Murrey Math Lines 15.05.2017 (EUR/USD)
Murrey Math Lines 15.05.2017 (EUR/USD)

EUR USD "Euro vs US Dollar" Last Friday the market failed to hold above the Murrey level 6/8, and the pair is traded above the Super Trends. At the same time, if the pair mana...

Murrey Math Lines 12.05.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 12.05.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar” As we can see at the H4 chart, the EUR/USD pair rebounded from the 8/8 level and resumed falling. On Friday, the price may be corrected towards Super ...

Murrey Math Lines 08.05.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 08.05.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar” The pair has formed a pullback from the 8/8 level, so we've got a local downward correction. The main bearish target is the 7/8 level. If a pullback f...

Murrey Math Lines 11.05.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 11.05.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar” As we can see at the H4 chart, the EUR/USD pair rebounded from the 8/8 level and resumed falling, and Super trends formed “bearish cross”. In the near...

Murrey Math Lines 10.05.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 10.05.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar” The EUR/USD pair stopped falling at the 6/8 level, which means that it may start a new local correction. However, if later the price rebounds from the...

Murrey Math Lines 09.05.2017 (EUR/USD, GBP/JPY)
Murrey Math Lines 09.05.2017 (EUR/USD, GBP/JPY)

EUR USD, “Euro vs US Dollar” After rebounding from the 8/8 level, the EUR/USD pair started a new descending correction. If later the price rebounds from the daily Super Trend, the...

Murrey Math Lines 05.04.2017 (EUR/USD, CAD/JPY)
Murrey Math Lines 05.04.2017 (EUR/USD, CAD/JPY)

EUR USD, “Euro vs US Dollar” The EUR/USD pair finally managed to break the 7/8 level and, as a result, reached the 8/8 one. In the nearest future, the market may be corrected towa...

Murrey Math Lines 04.05.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 04.05.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” Yesterday, the EUR/USD pair rebounded from the 7/8 level again and then fixed below the H4 Super Trend. As a result, in the nearest future the market ...

Murrey Math Lines 03.04.2017 (EUR/USD, CAD/JPY)
Murrey Math Lines 03.04.2017 (EUR/USD, CAD/JPY)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is testing the 7/8 level again. Earlier, the price rebounded from it twice. If later the price fixes below this level, the market may...

Murrey Math Lines 02.05.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 02.05.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is still consolidating near the 7/8 level. If later the price fixes below this level, the market may start a new descending correctio...

Murrey Math Lines 01.05.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 01.05.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” In case of the EUR/USD pair, the 7/8 level provides a strong resistance. If later the price fixes below the H4 Super Trend, the market may start a new...

Murrey Math Lines 28.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 28.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is moving towards the 8/8 level. After reaching it, the price may start a new descending correction. The closest target for bears is ...

Murrey Math Lines 27.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 27.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” Yesterday, the EUR/USD pair rebounded from the 6/8 level and right now is already moving above the H4 Super Trend. As a result, in the nearest future ...

Murrey Math Lines 26.04.2017 (EUR/USD, USD/CAD)
Murrey Math Lines 26.04.2017 (EUR/USD, USD/CAD)

EUR USD, “Euro vs US Dollar” The EUR/USD pair finally managed to fix above the 7/8 level. As a result, in the nearest future the market may test the 8/8 level. If later the pair r...

Murrey Math Lines 25.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 25.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” After yesterday’s gap, the EUR/USD pair is still consolidating. Possibly, the price may test the 7/8 level once again. If later the pair rebounds from...

Murrey Math Lines 24.04.2017 (EUR/USD, USD/CAD)
Murrey Math Lines 24.04.2017 (EUR/USD, USD/CAD)

EUR USD, “Euro vs US Dollar” The EUR/USD updated the March’s high, but failed to break the 7/8 level. As a result, in the nearest future the market may move downwards to reach the...

Murrey Math Lines 21.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 21.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair rebounded from the 4/8 level, which means that it may resume moving downwards. The closest target for bears is at the 2/8 level. Afte...

Murrey Math Lines 20.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 20.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” After Super Trend formed “bullish cross”, the EUR/USD pair broke the 4/8 level, which means that the current correction may continue. As a result, on ...


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.