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.
Brent is heading towards 87.50, while the S&P 500 index may break the resistance and continue growing.
USDCHF may fall and reach the support at 6/8, while XAUUSD is no longer moving within the “oversold area”.
USDJPY is trading within the “overbought area”, while USDCAD may correct to reach 2/8.
AUDUSD may grow and reach 6/8, while NZDUSD is still expected to fall towards 0/8.
EURUSD may fall and reach 0/8, while GBPUSD is approaching the “overbought area”.
Brent may update the local high again, while the S&P 500 index is back to consolidating.
USDCHF may fall and reach the support at 7/8, while XAUUSD is no longer moving within the “oversold area”.
USDJPY is heading towards 8/8, while USDCAD may fall and reach the support at 1/8.