Forex Murrey Math Lines and Forecasts


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 ...

Murrey Math Lines 19.04.2017 (EUR/USD, USD/CAD)
Murrey Math Lines 19.04.2017 (EUR/USD, USD/CAD)

EUR USD, “Euro vs US Dollar” The EUR/USD broke Super Trend, which later formed “bullish cross”. However, the price is still trading below the 4/8 level. As a result, if the pair b...

Murrey Math Lines 18.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 18.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” Yesterday, the EUR/USD pair rebounded from the daily Super Trend for the second time. To confirm a new decline, the price has to fix below the 2/8 lev...

Murrey Math Lines 17.04.2017 (EUR/USD, USD/CAD)
Murrey Math Lines 17.04.2017 (EUR/USD, USD/CAD)

EUR USD, “Euro vs US Dollar” After rebounding from the daily Super Trend, the EUR/USD pair is trying to resume falling. If the price fixes below the H4 Super Trend during the day,...

Murrey Math Lines 14.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 14.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” After rebounding from the daily Super Trend, the EUR/USD pair resumed falling. As a result, in the nearest future the market may break the local low. ...

Murrey Math Lines 13.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 13.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair rebounded from the daily Super Trend, which means that the price may resume falling. The closest target for bears is at the 0/8 level...

Murrey Math Lines 12.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 12.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is still being corrected. On Wednesday, the price may reach a new local low. If later the pair fixes below the H4 Super Trend, the ma...

Murrey Math Lines 11.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 11.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is consolidating above the H4 Super Trend. Earlier, the price failed to fix above the 6/8 level and started the current decline. The ...

Murrey Math Lines 10.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 10.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair continues falling. Earlier, Super Trends formed “bearish cross”. The closest target is at the 0/8 level. If later the price rebounds ...

Murrey Math Lines 07.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 07.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is still consolidating below the H4 Super Trend. In addition to that, the price rebounded from the 5/8 level several times, which mea...

Murrey Math Lines 06.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 06.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair is still consolidating below the H4 Super Trend. On Thursday, the price may reach a new local high, but if the market fixes below the...

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

EUR USD, “Euro vs US Dollar” Possibly, the EUR/USD pair started a new ascending correction. The closest target is at the 4/8 level and the daily Super Trend. If later the price re...

Murrey Math Lines 04.04.2017 (EUR/USD, GBP/USD)
Murrey Math Lines 04.04.2017 (EUR/USD, GBP/USD)

EUR USD, “Euro vs US Dollar” The EUR/USD pair continues moving downwards Earlier, the price broke the 4/8 level and Super Trends formed “bearish cross”. As a result, in the neares...

Murrey Math Lines 03.04.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 03.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” Last week, the EUR/USD pair broke the 4/8 level and Super Trends formed “bearish cross”. Later, the price may test the 2/8 levelю if the pair rebounds...

Murrey Math Lines 31.03.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 31.03.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” At the H4 chart, Super Trends formed “bearish cross”. If the pair stays below the 3/8 level, the price may continue falling towards the 2/8 one. ...

Murrey Math Lines 30.03.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 30.03.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” The EUR/USD pair reached the 4/8 level and the daily Super Trend. Consequently, on Thursday the local correction may take place, which may later be fo...

Murrey Math Lines 29.03.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 29.03.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” After failing to stay above the 6/8 level, the EUR/USD pair fixed below the H4 Super Trend. Consequently, in the nearest future the market may continu...

Murrey Math Lines 28.03.2017 (EUR/USD, USD/CHF)
Murrey Math Lines 28.03.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar” Yesterday, the EUR/USD pair failed to stay above the 6/8 level and, as a result, may start a new descending correction. If later the price fixes below...


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.