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 29.10.2021 (Brent, S&P 500)

After finishing the correction, Brent is heading towards 4/8; in the case of the S&P 500 index, the price may update its all-time high again.

Murrey Math Lines 28.10.2021 (USDCHF, GOLD)

USDCHF may continue growing after breaking the resistance; in the case of XAUUSD, the price has resumed trading upwards to reach 5/8.

Murrey Math Lines 27.10.2021 (USDJPY, USDCAD)

USDJPY may correct down to 5/8, while USDCAD is expected to continue falling.

Murrey Math Lines 26.10.2021 (AUDUSD, NZDUSD)

AUDUSD is approaching the “overbought area”, while NZDUSD may grow and reach 7/8.

Murrey Math Lines 25.10.2021 (EURUSD, GBPUSD)

EURUSD is heading towards the resistance at 4/8, while GBPUSD may fall and reach 8/8.

Murrey Math Lines 22.10.2021 (Brent, S&P 500)

Brent may correct down to 2/8, while the S&P 500 index is trading within the “overbought area”.

Murrey Math Lines 21.10.2021 (USDCHF, GOLD)

After leaving the “overbought area”, USDCHF is heading towards 5/8; in the case of XAUUSD, the price may grow and reach 4/8.

Murrey Math Lines 20.10.2021 (USDJPY, USDCAD)

USDJPY may reach the “overbought area”, while USDCAD is expected to break 5/8 and continue falling.