Forex Murrey Math Lines and Forecasts


Murrey Level Analysis for AUD/USD and NZD/USD: 25.09.2018
Murrey Level Analysis for AUD/USD and NZD/USD: 25.09.2018

25.09.2018AUD/USDOn H4, the AUD/USD is trading below the consolidation range and may go down to the support at 2/8.On M15, the lower VoltyChannel line has been broken out, which sign...

Murrey Level Analysis for EUR/USD and GBP/USD: 24.09.2018
Murrey Level Analysis for EUR/USD and GBP/USD: 24.09.2018

24.09.2018EUR/USDOn H4, the EUR/USD is overbought. Now, once 8/8 gets broken out, the price may fall further to reach the expect at 7/8.On H1, the pair may start rising once 5/8 gets...

Murrey Level Analysis for EUR/USD and GBP/USD: 21.09.2018
Murrey Level Analysis for EUR/USD and GBP/USD: 21.09.2018

21.09.2018EUR/USDOn H4, the EUR/USD is going up towards +2/8.On M15, the upper VoltyChannel line has been broken out, which means an ascending trend is prevailing.GBP/USDOn H4, we ca...

Murrey Level Analysis for USD/CHF and GOLD: 20.09.2018
Murrey Level Analysis for USD/CHF and GOLD: 20.09.2018

20.09.2018USD/CHFOn H4, USD/CHF is trading below the consolidation range and may go down to the support at 1/8.On H1, the price may bounce off 5/8, which, if this is the case, will p...

Murrey Level Analysis for USD/JPY and USD/CAD:19.09.2018
Murrey Level Analysis for USD/JPY and USD/CAD:19.09.2018

19.09.2018USD/JPYOn H4, USD/JPY is expected to test 8/8, after which a pullback and a fall to the support at 6/8 may occur.H1 charts show the same Murrey levels as H4, thus confirmin...

Murrey Level Analysis for AUD/USD and NZD/USD: 18.09.2018
Murrey Level Analysis for AUD/USD and NZD/USD: 18.09.2018

18.09.2018AUD/USDOn H4, 2/8 breakout may lead to the AUD/USD price rising till the resistance at 3/8.On M15, the upper VoltyChannel line has been broken out, which signals a likely p...

Murrey Level Analysis for EUR/USD and GBP/USD: Sep 17, 2018
Murrey Level Analysis for EUR/USD and GBP/USD: Sep 17, 2018

17.09.2018EUR/USDOn H4, 7/8 breakout may lead to the EUR/USD price rising till 8/8.On H1, the price bounced off the support at 5/8, and now is likely to reach the 8/8 resistance.In c...

Murrey Math Lines 14.09.2018 (EURUSD, GBPUSD)
Murrey Math Lines 14.09.2018 (EURUSD, GBPUSD)

14.09.2018EURUSD, “Euro vs. US Dollar”In the H4 chart, EURUSD is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling towards the su...

Murrey Math Lines 13.09.2018 (USDCHF, GOLD)
Murrey Math Lines 13.09.2018 (USDCHF, GOLD)

13.09.2018USDCHF, “US Dollar vs Swiss Franc”As we can see in the H4 chart, USDCHF is trading below the 3/8 level. In this case, the price is expected to break the 3/8 level and resum...

Murrey Math Lines 12.09.2018 (USDJPY, USDCAD)
Murrey Math Lines 12.09.2018 (USDJPY, USDCAD)

12.09.2018USDJPY, “US Dollar vs. Japanese Yen”In the H4 chart, USDJPY is expected the support at the 5/8 level, rebound from it, and then resume growing towards the resis...


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.

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree