Forex Murray math lines and forecasts

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.


Murrey Math Lines 18.01.2021 (EURUSD, GBPUSD)

The uptrend in EURUSD is at stake as the pair continues falling; in the case of GBPUSD, the price is moving towards 5/8.

Murrey Math Lines 15.01.2021 (Brent, S&P 500)

Brent has reached the “overbought area”, while the S&P 500 index may rebound from 5/8 and resume growing.

Murrey Math Lines 14.01.2021 (USDCHF, GOLD)

USDCHF is still moving downwards, while XAUUSD may fall to reach 1812.50.

Murrey Math Lines 13.01.2021 (USDJPY, USDCAD)

Bears are getting weaker but may yet push USDJPY towards 0/8, while USDCAD is expected to continue moving within the downtrend with the target at -1/8.

Murrey Math Lines 12.01.2021 (AUDUSD, NZDUSD)

AUDUSD continues the correction towards 5/8, while NZDUSD is expected to resume growing.

Murrey Math Lines 11.01.2021 (EURUSD, GBPUSD)

EURUSD may fall to reach 3/8, while GBPUSD is expected to complete the correction.

Murrey Math Lines 04.01.2021 (EURUSD, GBPUSD)

Both EURUSD and GBPUSD may correct to reach 6/8.

Murrey Math Lines 30.12.2020 (USDJPY, USDCAD)

USDJPY may trade downwards and reach -1/8, while USDCAD is expected to continue falling with the target at 0/8.