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.
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.
USDCHF may continue growing after breaking the resistance; in the case of XAUUSD, the price has resumed trading upwards to reach 5/8.
USDJPY may correct down to 5/8, while USDCAD is expected to continue falling.
AUDUSD is approaching the “overbought area”, while NZDUSD may grow and reach 7/8.
EURUSD is heading towards the resistance at 4/8, while GBPUSD may fall and reach 8/8.
Brent may correct down to 2/8, while the S&P 500 index is trading within the “overbought area”.
After leaving the “overbought area”, USDCHF is heading towards 5/8; in the case of XAUUSD, the price may grow and reach 4/8.
USDJPY may reach the “overbought area”, while USDCAD is expected to break 5/8 and continue falling.