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.
Brent is trying to reach 2/8 again, while the S&P 500 index has returned to 0/8.
USDCHF is slowly moving towards 0/8, while XAUUSD is expected to continue falling.
USDJPY is approaching the “overbought area”, while USDCAD is finishing the correction.
AUDUSD is approaching the “oversold area”, while NZDUSD may fall and reach 1/8.
EURUSD is still expected to fall towards 2/8, while GBPUSD may break 4/8 and continue trading downwards.
Brent is trading down to 1/8, while the S&P 500 index may correct up to the resistance at 2/8.
USDCHF is moving within the “oversold area”, while XAUUSD is returning to 0/8.
USDJPY is approaching the “overbought area”, while USDCAD may continue trading upwards to reach 4/8.