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.
Both AUDUSD and NZDUSD are correcting towards 5/8.
EURUSD may grow and reach 1.2268, while GBPUSD is moving within the “overbought area”.
Brent may complete the correction at 7/8, while the S&P 500 index is trying to update its all-time highs again.
USDCHF is still expected to fall towards 2/8, while XAUUSD may grow to reach the target at 1906.62.
Bulls are trying to start a new uptrend in USDJPY, while USDCAD is returning to the “oversold area”.
After completing their respective corrections, both AUDUSD and NZDUSD are starting to rise slowly.
The uptrend in EURUSD is at stake as the pair continues falling; in the case of GBPUSD, the price is moving towards 5/8.
Brent has reached the “overbought area”, while the S&P 500 index may rebound from 5/8 and resume growing.