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.
USDJPY is consolidating, while USDCAD may fall towards 3/8.
AUDUSD is consolidating, while NZDUSD may fall to reach 5/8.
Bulls failed to keep EURUSD inside the consolidation range, while GBPUSD is still trading close to resistance at 8/8.
EURUSD may reach 5/8, while GBPUSD is trading close to resistance at 8/8.
USDCHF is consolidating, while XAUUSD may grow to reach 8/8.
USDJPY may correct towards 5/8, while USDCAD is expected to continue the rising tendency to reach the resistance at 8/8.
Both AUDUSD and NZDUSD are demonstrating significant growth and may continue their ascending tendencies.
EURUSD may test 3/8, while GBPUSD may continue growing towards 7/8.