Forex Murrey Math Lines and Forecasts


Murrey Math Lines 03.04.2020 (EURUSD, GBPUSD)
Murrey Math Lines 03.04.2020 (EURUSD, GBPUSD)
03.04.2020EURUSD, “Euro vs. US Dollar”In the H4 chart, EURUSD is trading below 1/8. In this case, the pair may continue falling towards the support at -1/8. However, this...
Murrey Math Lines 02.04.2020 (USDCHF, GOLD)
Murrey Math Lines 02.04.2020 (USDCHF, GOLD)
02.04.2020USDCHF, “US Dollar vs Swiss Franc”In the H4 chart, USDCHF is trading above 7/8. In this case, the price is expected to continue growing towards the resistance a...
Murrey Math Lines 01.04.2020 (USDJPY, USDCAD)
Murrey Math Lines 01.04.2020 (USDJPY, USDCAD)
01.04.2020USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is trading at 5/8. In this case, the price is expected to continue falling towards the...
Murrey Math Lines 31.03.2020 (AUDUSD, NZDUSD)
Murrey Math Lines 31.03.2020 (AUDUSD, NZDUSD)
31.03.2020AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, AUDUSD is moving above 1/8. In this case, the pair is expected to continue growing to rea...
Murrey Math Lines 30.03.2020 (EURUSD, GBPUSD)
Murrey Math Lines 30.03.2020 (EURUSD, GBPUSD)
30.03.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, EURUSD has rebounded from 3/8. In this case, the pair may resume falling towards the support at 1/8.
Murrey Math Lines 27.03.2020 (EURUSD, GBPUSD)
Murrey Math Lines 27.03.2020 (EURUSD, GBPUSD)
27.03.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, EURUSD is heading towards the resistance at 3/8. In this case, the pair may rebound from this level a...
Murrey Math Lines 25.03.2020 (USDJPY, USDCAD)
Murrey Math Lines 25.03.2020 (USDJPY, USDCAD)
25.03.2020USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is trading above 5/8. In this case, the price is expected to continue growing towards ...
Murrey Math Lines 24.03.2020 (AUDUSD, NZDUSD)
Murrey Math Lines 24.03.2020 (AUDUSD, NZDUSD)
24.03.2020AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, AUDUSD is no longer moving inside the “oversold area” after breaking 0/8. In this case, the...
Murrey Math Lines 23.03.2020 (EURUSD, GBPUSD)
Murrey Math Lines 23.03.2020 (EURUSD, GBPUSD)
23.03.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, EURUSD is still trading inside the “oversold area”. Last Friday, the market attempted to ...
Murrey Math Lines 20.03.2020 (EURUSD, GBPUSD)
Murrey Math Lines 20.03.2020 (EURUSD, GBPUSD)
20.03.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, EURUSD is trading inside the “oversold area”. In this case, the pair may break 0/8 and th...

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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