One of the classic approaches to the 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.
USDJPY may fall to reach 1/8; in the case of USDCAD, there was a “false” breakout of 3/8.
AUDUSD is still moving inside the “overbought area”, while NZDUSD is expected to reach 7/8.
EURUSD has rebounded from 4/8, while GBPUSD may grow to reach 8/8.
Brent may yet fall to reach 5/8, while S&P 500 is trading inside the “overbought area” again.
USDCHF is no longer consolidating and may continue trading downwards, while XAUUSD may fall to reach 3/8.
Both USDJPY and USDCAD are consolidating.
AUDUSD is still moving inside the “overbought area”, while NZDUSD is expected to trade downwards and reach 4/8.
EURUSD may continue falling towards 3/8, while GBPUSD is expected to reach 6/8.