Forex Murrey Math Lines and Forecasts


Murrey Math Lines 01.07.2022 (Brent, S&P 500)
Murrey Math Lines 01.07.2022 (Brent, S&P 500)
01.07.2022BRENTIn the H4 chart, Brent is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to test 3/8, br...
Murrey Math Lines 30.06.2022 (USDCHF, GOLD)
Murrey Math Lines 30.06.2022 (USDCHF, GOLD)
30.06.2022USDCHF, “US Dollar vs Swiss Franc”As we can see in the H4 chart, USDCHF is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, th...
Murrey Math Lines 29.06.2022 (USDJPY, USDCAD)
Murrey Math Lines 29.06.2022 (USDJPY, USDCAD)
29.06.2022USDJPY, “US Dollar vs. Japanese Yen”In the H4 chart, USDJPY is trading above the 200-day Moving Average to indicate a possible ascending tendency. In this case, the price i...
Murrey Math Lines 28.06.2022 (AUDUSD, NZDUSD)
Murrey Math Lines 28.06.2022 (AUDUSD, NZDUSD)
28.06.2022AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a descending tendency. In this case, t...
Murrey Math Lines 27.06.2022 (EURUSD, GBPUSD)
Murrey Math Lines 27.06.2022 (EURUSD, GBPUSD)
27.06.2022EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, EURUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price...
Murrey Math Lines 24.06.2022 (Brent, S&P 500)
Murrey Math Lines 24.06.2022 (Brent, S&P 500)
24.06.2022BRENTAs we can see in the H4 chart, Brent is trading below the 200-day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected t...
Murrey Math Lines 23.06.2022 (USDCHF, GOLD)
Murrey Math Lines 23.06.2022 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, USDCHF is trading inside the “oversold area”. In this case, the pair is expected to test -1/...
Murrey Math Lines 22.06.2022 (USDJPY, USDCAD)
Murrey Math Lines 22.06.2022 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is approaching the “Overbought area”. In this case, the price is expected to test th...
Murrey Math Lines 21.06.2022 (AUDUSD, NZDUSD)
Murrey Math Lines 21.06.2022 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a descending tendency. In this case,...
Murray Math Lines 20.06.2022 (EURUSD, GBPUSD)
Murray Math Lines 20.06.2022 (EURUSD, GBPUSD)
EURUSD, “Euro vs US Dollar”On H4, the quotes of EURUSD are under the 200-days Moving Average, which indicates the prevalence of a downtrend. Currently, we should expect a...

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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