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 may yet continue trading downwards, while NZDUSD is expected to grow.
EURUSD is resuming its growth, while GBPUSD may trade downwards to reach 1/8.
Brent may test 5/8, while S&P 500 is still expected to continue falling.
USDCHF has completed the correction and may fall to reach 1/8, while XAUUSD is once again trying to reach 2000.00.
USDJPY may update its local lows, while USDCAD is falling with the first target at 3/8.
AUDUSD is approaching the “overbought area”, while NZDUSD is heading towards 7/8.
EURUSD may fall to reach 4/8, while GBPUSD is still trading downwards with the closest target at 0/8.
Brent reached the oversold area. S&P 500 starts restoring after the falling with the first goal at 4/8.