Forex Murrey Math Lines and Forecasts


Murrey Math Lines 18.04.2019 (USDCHF, GOLD)
Murrey Math Lines 18.04.2019 (USDCHF, GOLD)

18.04.2019USDCHF, “US Dollar vs Swiss Franc”In the H4 chart, USDCHF may rebound from the 7/8 level and resume falling towards the support at the 5/8 one.

Murrey Math Lines 17.04.2019 (USDJPY, USDCAD)
Murrey Math Lines 17.04.2019 (USDJPY, USDCAD)

17.04.2019USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY has failed to break the resistance at the 7/8 level and may resume falling towards the...

Murrey Math Lines 16.04.2019 (AUDUSD, NZDUSD)
Murrey Math Lines 16.04.2019 (AUDUSD, NZDUSD)

16.04.2019AUDUSD, “Australian Dollar vs US Dollar”As we can see in the H4 chart, AUDUSD is trading above the 5/8 level and may continue growing towards the resistance at ...

Murrey Math Lines 15.04.2019 (EURUSD, GBPUSD)
Murrey Math Lines 15.04.2019 (EURUSD, GBPUSD)

15.04.2019 EURUSD, “Euro vs. US Dollar”In the H4 chart, EURUSD rebounded from the 3/8 level last Friday. In this case, the price is expected to resume falling to reach th...

Murrey Math Lines 12.04.2019 (EURUSD, GBPUSD)
Murrey Math Lines 12.04.2019 (EURUSD, GBPUSD)

12.04.2019 EURUSD, “Euro vs. US Dollar”In the H4 chart, EURUSD is expected to continue growing to reach the resistance at the 3/8 level.However, in the H1 chart the scena...

Murrey Math Lines 11.04.2019 (USDCHF, GOLD)
Murrey Math Lines 11.04.2019 (USDCHF, GOLD)

11.04.2019USDCHF, “US Dollar vs Swiss Franc”As we can see in the H4 chart, USDCHF is consolidating. In this case, the price is expected to test the resistance at the 5/8 ...

Murrey Math Lines 10.04.2019 (USDJPY, USDCAD)
Murrey Math Lines 10.04.2019 (USDJPY, USDCAD)

10.04.2019 USDJPY, “US Dollar vs. Japanese Yen”In the H4 chart, USDJPY is consolidating. In this case, the price is expected to resume falling towards the support at the ...

Murrey Math Lines 09.04.2019 (AUDUSD, NZDUSD)
Murrey Math Lines 09.04.2019 (AUDUSD, NZDUSD)

09.04.2019 AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, AUDUSD is trading above the 5/8 level and may continue growing towards the resistance at the 8/8 one.I...

Murrey Math Lines 08.04.2019 (EURUSD, GBPUSD)
Murrey Math Lines 08.04.2019 (EURUSD, GBPUSD)

08.04.2019EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, EURUSD is still trading near the “oversold zone” and may continue growing to reach the re...

Murrey Math Lines 05.04.2019 (EURUSD, GBPUSD)
Murrey Math Lines 05.04.2019 (EURUSD, GBPUSD)

05.04.2019EURUSD, “Euro vs. US Dollar”In the H4 chart, EURUSD may break the 0/8 level and continue growing to reach the resistance at the 3/8 level.The lines in the H4 an...


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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