Forex Murrey math lines and forecasts

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.


Murrey Math Lines 18.10.2019 (EURUSD, GBPUSD)

EURUSD has reached the “overbought area”, while GBPUSD may fall towards the support at 3/8.

Murrey Math Lines 17.10.2019 (USDCHF, GOLD)

USDCHF is completing its ascending tendency, while XAUUSD may fall to reach 1/8.

Murrey Math Lines 16.10.2019 (USDJPY, USDCAD)

USDJPY continues trading upwards to reach the resistance at 8/8, while USDCAD may correct towards the resistance at 3/8.

Murrey Math Lines 15.10.2019 (AUDUSD, NZDUSD)

AUDUSD may fall towards 3/8; in case of NZDUSD, bears may try to break 7/8 today.

Murrey Math Lines 14.10.2019 (EURUSD, GBPUSD)

EURUSD continues heading towards 8/8, while GBPUSD may complete the correction at 7/8.

Murrey Math Lines 11.10.2019 (EURUSD, GBPUSD)

EURUSD may continue rising to reach 8/8; in case of GBPUSD, bulls may try to break 6/8.

Murrey Math Lines 10.10.2019 (USDCHF, GOLD)

USDCHF may grow to reach 8/8, while XAUUSD is still consolidating.

Murrey Math Lines 09.10.2019 (USDJPY, USDCAD)

USDJPY may yet continue its attempts to reach 8/8, while USDCAD is consolidating.