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.
AUDUSD is trading within the “oversold area”, while NZDUSD may fall and reach 0/8.
EURUSD is approaching the “oversold area”, while GBPUSD may correct up to 2/8.
Brent may fall and reach 3/8, while the S&P 500 index is heading towards the resistance at 5/8.
USDCHF is moving within the “overbought area”; in the case of XAUUSD, the price may correct down to 6/8.
Both USDJPY and USDCAD may reach their respective “overbought areas”.
After completing their respective corrections, both AUDUSD and NZDUSD are expected to resume falling.
Oil is going to grow to 7/8 again; S&P 500 might end correction at 3/8.
Gold and USDCHF quotations are heading for 8/8.