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.
AUDUSD is trading inside the “oversold area”, while NZDUSD may fall to reach 0/8.
Both EURUSD and GBPUSD may continue falling to reach 0/8.
Both EURUSD and GBPUSD may fall to reach 0/8.
Bulls failed to make USDCHF break the resistance at 3/8, while XAUUSD is still expected to fall towards 0/8.
USDJPY may grow to reach 8/8, while USDCAD is expected to test 3/8.
AUDUSD continues falling towards -1/8, but may later correct to reach 2/8; NZDUSD is still consolidating between 3/8 and 5/8.
EURUSD may fall to reach 1/8, while bears are increasing the pressure on GBPUSD.
EURUSD continues consolidating, while GBPUSD is trading towards 5/8.