Murrey math lines and forecasts

Murrey Math Levels is one of the classic approaches to currency market analysis, which is successfully applied to everyday trading processes. Murrey math lines can be used for understanding both short- and long-term outlooks. As a rule, a strategy that involves Murrey math lines includes other types of technical analysis.

Murrey math lines are based on the approach and observation of William Gann, also used for forecasting, but Murrey was able to adapt this system, making it understandable for investors. The Murrey math levels approach is to track the 8 major lines (price levels) that together make up the "Murrey math lines" indicator. Despite the fact that the method of analysis and forecasting according to Murrey math lines is quite complex, experts consider it unique and capable of performing in combination with others. On this page, you will find Murrey math lines analytics from RoboForex experts.

27.07.2011

Murray Math Lines 27.07.2011 (USD/CHF, GBP/JPY, GOLD)

After breaking and fixing itself below the 1/8 level at the daily chart, the price keeps moving towards the 0/8 level, where Take Profit on sell orders is. The market may reach this level during the week.
26.07.2011

Murray Math Lines 26.07.2011 (GBP/JPY, AUD/USD, GBP/CHF)

The price is still consolidating. The 4/8 level doesn’t allow the market to grow any higher, the price rebounded from the level several times. Forecast of the price movement is shown on the chart. In the near term, we can expect down-trend to resume its movement and reach the 0/8 level.
25.07.2011

Murray Math Lines 25.07.2011 (USD/CHF, GBP/JPY, GOLD)

During the market trading opening the USD/CHF currency pair was moving exactly according to the forecast and was able to reach new minimum. I moved the stop on sell orders to the level of the second one. Take Profit is still at the 0/8 level. The descending movement may continue during the day.
22.07.2011

Murray Math Lines 22.07.2011 (GBP/JPY, NZD/USD, GOLD)

The price is testing the 4/8 level again. If the market fails to break and rebounds from it, the price will be able to move downwards to the 0/8 level or even lower. The bearish forecast remains in effect so far, but if the price breaks daily Super Trend, we’ll be forced to change it.
21.07.2011

Murray Math Lines 21.07.2011 (USD/CHF, GBP/JPY, GOLD)

In case of Franc the correction continues. The price wasn’t able to break 3/8 level, thus multiplying chances of trend to continue. I keep holding my sell orders opened, Take Profit is at the 0/8 level of the daily chart. The forecast is still bearish.
20.07.2011

Murray Math Lines 20.07.2011 (GBP/CHF, NZD/USD, GOLD)

The price rebounded from daily Super Trend and the 5/8 level during the correction. If the market is able to go back below H4 Super Trend, it will be a signal for down-trend to move to the 0/8 level. Yesterday I opened a sell order, which now is a bit negative. Take Profit is at the 0/8 level, protective stop is higher than daily Super Trend.
19.07.2011

Murray Math Lines 19.07.2011 (GBP/JPY, USD/CHF, GOLD)

The price was forming some kind of correction during the last several days, which may be a sign of the growth up to the 5/8 level at least. It’s very important how the price is moving near daily Super Trend. If the price breaks is and fixes itself above it, bulls will get their chance.
15.07.2011

Murray Math Lines 15.07.2011 (GBP/ CHF, USD/CHF, GOLD)

Down-trend is still being formed here. The price is being corrected at the 6/8 level, and is supported by H4 Super Trend. The market may test the indicator line, and if the price rebounds from this line, we will see bearish rally again. The target is the 4/8 level.