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.
The S&P 500 index has completed the correction, while Brent is trading within the “overbought area”.
Bulls will once again attempt to push USDCHF past 6/8, while XAUUSD is still expected to fall towards 4/8.
USDJPY is approaching the “oversold area”, while USDCAD may grow and reach 5/8.
AUDUSD is returning to 3/8, while NZDUSD may reach the resistance at 6/8.
EURUSD is heading towards the support at 1/8, while GBPUSD may grow and reach 4/8.
Brent may once again reach 8/8; in the case of the S&P 500 index, the price is expected to grow after rebounding from 3/8.
USDCHF may break 6/8 and continue growing, while XAUUSD is expected to fall towards 4/8.
USDJPY is once again trying to grow and reach 3/8, while USDCAD is heading towards the resistance at 4/8.