Forex Murrey Math Lines and Forecasts


Murrey Math Lines 25.02.2021 (USDCHF, GOLD)
Murrey Math Lines 25.02.2021 (USDCHF, GOLD)
25.02.2021USDCHF, “US Dollar vs Swiss Franc”As we can see in the H4 chart, USDCHF is trading within the “overbought area”. In this case, the price is expected to break +1/8 and then ...
Murrey Math Lines 24.02.2021 (USDJPY, USDCAD)
Murrey Math Lines 24.02.2021 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”In the H4 chart, USDJPY is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is...
Murrey Array Analysis 23.02.2021 (AUDUSD, NZDUSD)
Murrey Array Analysis 23.02.2021 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”On H4, the quotations are trading in the overbought area. Currently, the price is bouncing off +2/8. This means that the quotation...
Murrey Math Lines 22.02.2021 (EURUSD, GBPUSD)
Murrey Math Lines 22.02.2021 (EURUSD, GBPUSD)
EURUSD, “Euro vs US Dollar”On H4, the quotations are trading above the 200-days Moving Average, which indicates an uptrend. We expect them to go past 3/8 and rise as high...
Murrey Math Lines 19.02.2021 (Brent, S&P 500)
Murrey Math Lines 19.02.2021 (Brent, S&P 500)
19.02.2021BRENTIn the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the pair is expected to break 8/8 and continue...
Murrey Math Lines 18.02.2021 (USDCHF, GOLD)
Murrey Math Lines 18.02.2021 (USDCHF, GOLD)
18.02.2021USDCHF, “US Dollar vs Swiss Franc”In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above it, thus indicating an ascending tendency. In this cas...
Murrey Math Lines 17.02.2021 (USDJPY, USDCAD)
Murrey Math Lines 17.02.2021 (USDJPY, USDCAD)
17.02.2021USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, after rebounding from the resistance at 8/8, USDJPY is expected to start a new correction to the downside...
Murrey Math Lines 16.02.2021 (AUDUSD, NZDUSD)
Murrey Math Lines 16.02.2021 (AUDUSD, NZDUSD)
16.02.2021AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, AUDUSD is approaching the “overbought area”. In this case, the price is expected to test 8/8, rebound...
Murrey Math Lines 15.02.2021 (EURUSD, GBPUSD)
Murrey Math Lines 15.02.2021 (EURUSD, GBPUSD)
15.02.2021EURUSD, “Euro vs. US Dollar”In the H4 chart, after breaking the 200-day Moving Average, EURUSD is trading above it, thus indicating an ascending tendency. In this case, the...
Murrey Math Lines 12.02.2021 (Brent, S&P 500)
Murrey Math Lines 12.02.2021 (Brent, S&P 500)
12.02.2021BRENTIn the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating an ascending tendency. However, the asset has failed to fix above 7/8. In this case...

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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