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 moving towards their respective “oversold areas”.
EURUSD is completing its correction, while GBPUSD is approaching the “oversold area”.
Oil quotations might rise to 65.61, S&P 500 is trading in the overbought area.
USDCHF is completing correction, Gold quotations are heading for 5/8.
USDJPY might keep correcting to 4/8, USDCAD are slowly restoring.
AUDUSD quotations keep correcting, NZDUSD quotations might start declining again.
EURUSD quotations might drop to -1/8. Sellers are trying to drag GBPUSD quotations down again.
Brent is slowly recovering after plunging; in the case of the S&P 500 index, the next resistance area is at 4062.50.