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.
Breakaway of support may lead to further falling of oil quotes, an uptrend starts on the S&P 500 index chart.
USDCHF is nearing the oversold area, Gold quotes are still in the overbought area.
Breakaway of the support level will trigger falling of the USDJPY, USDCAD might drop to 0/8.
A breakaway of 7/8 might provoke growth of both AUDUSD and NZDUSD.
EURUSD might end correction at 4/8, GBPUSD remains in the overbought area.
Brent quotes are gradually approaching 0/8, a breakaway of the support will signify falling of the S&P 500 index.
Breakaway of the support will mean further falling of USDCHF, GOLD quotes are in the oversold area.
USDJPY might return to 0/8, USDCAD is nearing the oversold area.