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 20.08.2019 (AUDUSD, NZDUSD)

Bulls are once again trying to prevent AUDUSD from falling, while NZDUSD continues trading downwards.

Murray Math Lines 19.08.2019 (EURUSD, GBPUSD)

EURUSD is moving towards the goal at 0/8. The correction of the GBPUSD may end at 5/8.

Murrey Math Lines 16.08.2019 (EURUSD, GBPUSD)

EURUSD is retreating as bears are attacking, while GBPUSD may start a new correction to the upside.

Murrey Math Lines 15.08.2019 (USDCHF, GOLD)

USDCHF may break 0/8 and stop the downtrend; XAUUSD has reached the “overbought area”.

Murrey Math Lines 14.08.2019 (USDJPY, USDCAD)

USDJPY is about to complete the descending tendency, while USDCAD may fall towards the support at 3/8.

Murrey Math Lines 13.08.2019 (AUDUSD, NZDUSD)

Both AUDUSD and NZDUSD may continue trading downwards.

Murrey Math Lines 12.08.2019 (EURUSD, GBPUSD)

Bulls are getting stronger as EURUSD is consolidating above 3/8, while GBPUSD is still under bearish control.

Murrey Math Lines 09.08.2019 (EURUSD, GBPUSD)

Bulls are trying to take control over EURUSD, while GBPUSD is still moving downwards.