Forex Murrey Math Lines and Forecasts


Murrey Math Lines 24.05.2018 (USDCHF, GOLD)
Murrey Math Lines 24.05.2018 (USDCHF, GOLD)

24.05.2018USDCHF, “US Dollar vs Swiss Franc”In the H4 chart, USDCHF may break the 2/8 level and then continue growing towards the resistance at the 3/8 one.As we can see in the H1 ch...

Murrey Math Lines 23.05.2018 (USDJPY, USDCAD)
Murrey Math Lines 23.05.2018 (USDJPY, USDCAD)

23.05.2018USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is expected to test the support at the 5/8 level, rebound from it, and then resume gro...

Murrey Math Lines 22.05.2018 (AUDUSD, NZDUSD)
Murrey Math Lines 22.05.2018 (AUDUSD, NZDUSD)

22.05.2018AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, the pair is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to grow t...

Murrey Math Lines 21.05.2018 (EURUSD, GBPUSD)
Murrey Math Lines 21.05.2018 (EURUSD, GBPUSD)

21.05.2018EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, EURUSD may test the 0/8 level, rebound from it, and then resume growing towards the 1/8 one.In the H1...

Murrey Math Lines 18.05.2018 (EURUSD, GBPUSD)
Murrey Math Lines 18.05.2018 (EURUSD, GBPUSD)

18.05.2018EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, EURUSD may break the 1/8 level and later test the resistance at the 2/8 one.In the H1 chart, the pair...

Murrey Math Lines 17.05.2018 (USDCHF, GOLD)
Murrey Math Lines 17.05.2018 (USDCHF, GOLD)

17.05.2018USDCHF, “US Dollar vs Swiss Franc”As we can see in the H4 chart, USDCHF is expected to test the support at the 5/8 level.As we can see in the H1 chart, the pric...

Murrey Math Lines 16.05.2018 (USDJPY, USDCAD)
Murrey Math Lines 16.05.2018 (USDJPY, USDCAD)

16.05.2018USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY has broken the resistance at the 5/8 level and may continue growing towards the 6/8 on...

Murrey Math Lines 15.05.2018 (AUDUSD, NZDUSD)
Murrey Math Lines 15.05.2018 (AUDUSD, NZDUSD)

15.05.2018AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, AUDUSD may break the 3/8 level and then continue falling towards the support at the 2/8 one.In the H1 c...

Murrey Math Lines 14.05.2018 (EURUSD, GBPUSD)
Murrey Math Lines 14.05.2018 (EURUSD, GBPUSD)

EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, EURUSD is trading at the 2/8 level. If later the price breaks this level, the instrument may test the resistanc...

Murrey Math Lines 11.05.2018 (EURUSD, GBPUSD)
Murrey Math Lines 11.05.2018 (EURUSD, GBPUSD)

11.05.2018EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, EURUSD is expected to break the 2/8 level and then test the resistance at the 3/8 one.In the H1 chart...

Murrey Math Lines 10.05.2018 (USDCHF, GOLD)
Murrey Math Lines 10.05.2018 (USDCHF, GOLD)

10.05.2018USDCHF, “US Dollar vs Swiss Franc”As we can see in the H4 chart, USDCHF is expected to continue growing towards the resistance at the 8/8 level.In the H1 chart,...

Murrey Math Lines 09.05.2018 (USDJPY, USDCAD)
Murrey Math Lines 09.05.2018 (USDJPY, USDCAD)

09.05.2018USDJPY, “US Dollar vs. Japanese Yen”In the H4 chart, USDJPY is expected to test the resistance at the +1/8 level.As we can see in the H1 chart, the pair is cons...

Murrey Math Lines 08.05.2018 (AUDUSD, NZDUSD)
Murrey Math Lines 08.05.2018 (AUDUSD, NZDUSD)

08.05.2018AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, AUDUSD may break the 3/8 level and then continue growing towards the resistance at the 5/8 one.As we ca...

Murrey Math Lines 07.05.2018 (EURUSD, GBPUSD)
Murrey Math Lines 07.05.2018 (EURUSD, GBPUSD)

07.05.2018EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, EURUSD is expected to test the -1/8 level, rebound from it, and the resume growing towards the 2/8 on...

Murrey Math Lines 04.05.2018 (EURUSD, GBPUSD)
Murrey Math Lines 04.05.2018 (EURUSD, GBPUSD)

04.05.2018EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, EURUSD has rebounded from the support at the 0/8 level. In this case, the price may resume growing to...

Murrey Math Lines 03.05.2018 (USDCHF, GOLD)
Murrey Math Lines 03.05.2018 (USDCHF, GOLD)

03.05.2018USDCHF, “US Dollar vs Swiss Franc”As we can see in the H4 chart, USDCHF is trading inside the “overbought zone” above the 8/8 level. In this case, t...

Murrey Math Lines 02.05.2018 (USDJPY, USDCAD)
Murrey Math Lines 02.05.2018 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”In the H4 chart, USDJPY is trading inside the “overbought zone”. Later, the price is expected to test the +1/8 level, rebo...

Murrey Math Lines 01.05.2018 (AUDUSD, NZDUSD)
Murrey Math Lines 01.05.2018 (AUDUSD, NZDUSD)

01.05.2018AUDUSD, “Australian Dollar vs US Dollar”In the H4 chart, AUDUSD is expected to test the support at the 3/8 level, rebound from it, and then resume growing towar...

Murrey Math Lines 30.04.2018 (EURUSD, GBPUSD)
Murrey Math Lines 30.04.2018 (EURUSD, GBPUSD)

30.04.2018EURUSD, “Euro vs. US Dollar”In the H4 chart, EURUSD is expected to test the 3/8 level, rebound from it, and then resume falling towards the support at the 1/8 o...

Murrey Math Lines 27.04.2018 (EURUSD, GBPUSD)
Murrey Math Lines 27.04.2018 (EURUSD, GBPUSD)

27.04.2018EURUSD, “Euro vs. US Dollar”In the H4 chart, EURUSD is trading inside the “oversold zone” below the 0/8 level. The price may resume growing only if ...


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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