Forex Murrey Math Lines and Forecasts


Murrey Math Lines 24.01.2020 (EURUSD, GBPUSD)
Murrey Math Lines 24.01.2020 (EURUSD, GBPUSD)
24.01.2020EURUSD, “Euro vs. US Dollar”In the H4 chart, EURUSD is moving below 3/8. In this case, the price is expected to break 2/8 and then continue trading downwards to...
Murrey Math Lines 23.01.2020 (USDCHF, GOLD)
Murrey Math Lines 23.01.2020 (USDCHF, GOLD)
23.01.2020USDCHF, “US Dollar vs Swiss Franc”In the H4 chart, USDCHF has rebounded from 3/8. In this case, the price is expected to resume falling to reach the support at ...
Murrey Math Lines 22.01.2020 (USDJPY, USDCAD)
Murrey Math Lines 22.01.2020 (USDJPY, USDCAD)
22.01.2020USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is moving above 5/8. In this case, the price is expected to break 6/8 and then continu...
Murrey Math Lines 21.01.2020 (AUDUSD, NZDUSD)
Murrey Math Lines 21.01.2020 (AUDUSD, NZDUSD)
21.01.2020AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, AUDUSD is moving close to the “oversold area”. In this case, the pair is expected to break ...
Murrey Math Lines 20.01.2020 (EURUSD, GBPUSD)
Murrey Math Lines 20.01.2020 (EURUSD, GBPUSD)
20.01.2020EURUSD, “Euro vs. US Dollar”In the H4 chart, EURUSD is still consolidating. In this case, the price is expected to break 3/8 and then continue trading downwards...
Murrey Math Lines 17.01.2020 (EURUSD, GBPUSD)
Murrey Math Lines 17.01.2020 (EURUSD, GBPUSD)
17.01.2020EURUSD, “Euro vs. US Dollar”In the H4 chart, EURUSD is consolidating again. In this case, the price is expected to resume trading downwards to reach the support...
Murrey Math Lines 16.01.2020 (USDCHF, GOLD)
Murrey Math Lines 16.01.2020 (USDCHF, GOLD)
16.01.2020USDCHF, “US Dollar vs Swiss Franc”In the H4 chart, USDCHF is moving below 3/8. In this case, the price is expected to continue falling to reach the support at 0...
Murrey Math Lines 15.01.2020 (USDJPY, USDCAD)
Murrey Math Lines 15.01.2020 (USDJPY, USDCAD)
15.01.2020USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is moving above 5/8. In this case, the price is expected to test this level, rebound f...
Murrey Math Lines 14.01.2020 (AUDUSD, NZDUSD)
Murrey Math Lines 14.01.2020 (AUDUSD, NZDUSD)
14.01.2020AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, AUDUSD is moving at near 1/8. In this case, the pair is expected to continue towards the ...
Murrey Math Lines 13.01.2020 (EURUSD, GBPUSD)
Murrey Math Lines 13.01.2020 (EURUSD, GBPUSD)
13.01.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, EURUSD is consolidating. In this case, the price is expected to test 5/8, rebound from it, and then r...

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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