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.

21.01.2022

Murrey Math Lines 21.01.2022 (Brent, S&P 500)

Brent may correct down to 7/8, while the S&P 500 index is approaching the “oversold area”.
20.01.2022

Murrey Math Lines 20.01.2022 (USDCHF, GOLD)

USDCHF may fall towards the support at 2/8, while XAUUSD is expected to break the resistance and continue growing to reach 8/8.
19.01.2022

Murrey Math Lines 19.01.2022 (USDJPY, USDCAD)

USDJPY may grow and reach 7/8, while USDCAD is trading within the “oversold area”.
18.01.2022

Murrey Math Lines 18.01.2022 (AUDUSD, NZDUSD)

Both AUDUSD and NZDUSD are heading towards 4/8.
17.01.2022

Murrey Math Lines 17.01.2022 (EURUSD, GBPUSD)

The next downside target in EURUSD is 5/8; in the case of GBPUSD, the price is moving within the “overbought area”.
14.01.2022

Murrey Math Lines 14.01.2022 (Brent, S&P 500)

Brent is heading towards the “overbought area”, while the S&P 500 index may continue trading downwards and reach 1/8.
13.01.2022

Murrey Math Lines 13.01.2022 (USDCHF, GOLD)

USDCHF is heading towards 4/8, while XAUUSD may break the resistance at 5/8 and continue growing.
12.01.2022

Murrey Math Lines 12.01.2022 (USDJPY, USDCAD)

USDJPY may continue the correction, while USDCAD is heading towards the “oversold area”.