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.
Bulls are once again trying to prevent AUDUSD from falling, while NZDUSD continues trading downwards.
EURUSD is moving towards the goal at 0/8. The correction of the GBPUSD may end at 5/8.
EURUSD is retreating as bears are attacking, while GBPUSD may start a new correction to the upside.
USDCHF may break 0/8 and stop the downtrend; XAUUSD has reached the “overbought area”.
USDJPY is about to complete the descending tendency, while USDCAD may fall towards the support at 3/8.
Both AUDUSD and NZDUSD may continue trading downwards.
Bulls are getting stronger as EURUSD is consolidating above 3/8, while GBPUSD is still under bearish control.
Bulls are trying to take control over EURUSD, while GBPUSD is still moving downwards.