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.
Both Brent and S&P 500 index are heading towards 7/8.
USDCHF is heading towards 4/8, while XAUUSD is expected to update the July high at 1833.70.
USDJPY may resume trading upwards, while USDCAD is expected to return to 8/8.
AUDUSD may rebound from 1/8 and resume falling, while NZDUSD is expected to return to 1/8.
EURUSD continues falling, while GBPUSD may get back inside the “oversold area”.
Brent is heading towards the “overbought area”, while the S&P 500 index may update its all-time highs.
USDCHF may rebound from 6/8 and resume growing towards 8/8, while XAUUSD returning to 0/8.
USDJPY may re-enter the “oversold” area, while USDCAD is trading within the “overbought” one.