Forex Murrey Math Lines and Forecasts


Murrey Math Lines 17.06.2021 (USDCHF, GOLD)
Murrey Math Lines 17.06.2021 (USDCHF, GOLD)
17.06.2021USDCHF, “US Dollar vs Swiss Franc”In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above it, thus indicating a possible ascending tendency. In ...
Murrey Math Lines 16.06.2021 (USDJPY, USDCAD)
Murrey Math Lines 16.06.2021 (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 Math Lines 15.06.2021 (AUDUSD, NZDUSD)
Murrey Math Lines 15.06.2021 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading below it to indicate a possible descending tendency....
Murrey Math Lines 14.06.2021 (EURUSD, GBPUSD)
Murrey Math Lines 14.06.2021 (EURUSD, GBPUSD)
EURUSD, “Euro vs US Dollar”In the H4 chart, after breaking the 200-day Moving Average, EURUSD is trading below it, thus indicating a descending tendency. In this case, th...
Murrey Math Lines 11.06.2021 (Brent, S&P 500)
Murrey Math Lines 11.06.2021 (Brent, S&P 500)
Brent As see can see in the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 6/8 and t...
Murrey Math Lines 10.06.2021 (USDCHF, GOLD)
Murrey Math Lines 10.06.2021 (USDCHF, GOLD)
10.06.2021USDCHF, “US Dollar vs Swiss Franc”As we can see in the H4 chart, USDCH has rebounded from 1/8, thus indicating a possible ascending correction. In this case, the price is e...
Murrey Math Lines 09.06.2021 (USDJPY, USDCAD)
Murrey Math Lines 09.06.2021 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case...
Murrey Math Lines 08.06.2021 (AUDUSD, NZDUSD)
Murrey Math Lines 08.06.2021 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading above it to indicate a possible ascending tendency. ...
Murrey Math Lines 07.06.2021 (EURUSD, GBPUSD)
Murrey Math Lines 07.06.2021 (EURUSD, GBPUSD)
EURUSD, “Euro vs US Dollar”In the H4 chart, EURUSD is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected...
Murrey Math Lines 04.06.2021 (Brent, S&P 500)
Murrey Math Lines 04.06.2021 (Brent, S&P 500)
04.06.2021BrentAs see can see in the H4 chart, Brent is trading above the 200-day Moving Average, thus indicating an ascending tendency. However, the asset has risen pretty much rece...

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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