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Forex Murray math lines and forecasts

One of the key factors, which has influence on any trader’s success is his ability to correctly predict the market movements. The two main methods are technical and fundamental analysis of Forex market.

An important feature of fundamental analysis is its global nature. Events, which are analyzed in fundamental analysis, have long-term influence on supply and demand on the currency market. This information is composed of the news about the world’s biggest political and financial events. It’s hard to overestimate the influenced the news has on financial markets: when the most important news is published, the market volatility increases.

It’s quite easy for an experienced trader to analyze and predict how a single event may influence the market. However, analysis of several events, which may influence the market in completely different ways, is a very complicated and time-consuming process. This may be the reason why only approximately 20% of traders use fundamental analysis as their main forecasting tool.

Fundamental approach to Forex market analysis, unlike technical one, covers not only the prices and their changes, but the reasons for these changes as well. Each approach has its followers, advantages and disadvantages.

18.01.2016

Murrey Math Lines 18.01.2016 (EUR/USD, EUR/JPY)

In case of Eurodollar, the flat continues and the wave structure is becoming more and more complicated.
15.01.2016

Murrey Math Lines 15.01.2016 (EUR/USD, NZD/USD)

Eurodollar is still moving sideways.
14.01.2016

Murrey Math Lines 14.01.2016 (EUR/USD, NZD/USD)

After rebounding from the H4 Super Trend, New Zealand Dollar is trying to stay under the 3/8 level.
13.01.2016

Murrey Math Lines 13.01.2016 (EUR/USD, NZD/USD)

At the H4 chart, New Zealand Dollar is moving in the middle.
12.01.2016

Murrey Math Lines 12.01.2016 (EUR/USD, USD/CAD)

Eurodollar is still being corrected.
11.01.2016

Murrey Math Lines 11.01.2016 (EUR/USD, USD/CAD)

After rebounding from the 0/8 level, Eurodollar is attempting to resume its growth.
08.01.2016

Murrey Math Lines 08.01.2016 (EUR/USD, USD/CAD)

The lines at the daily and H4 charts are completely the same.
07.01.2016

Murrey Math Lines 07.01.2016 (EUR/USD, USD/CAD)

After rebounding from the 0/8 level twice, Eurodollar has started an ascending correction.
06.01.2016

Murrey Math Lines 06.01.2016 (EUR/USD, USD/CAD)

At the H4 chart, Eurodollar is trying to stay below the 0/8 level.
05.01.2016

Murrey Math Lines 05.01.2016 (EUR/USD, NZD/USD)

As we can see at the H4 chart, Super Trends have formed “bearish cross”.
04.01.2016

Murrey Math Lines 04.01.2016 (EUR/USD, AUD/USD)

As we can see at the H4 chart, after rebounding from the 2/8 level several times, Eurodollar has resumed its decline.
30.12.2015

Monthly Murrey Math Lines for January 2016 (EUR/USD, USD/CAD)

As we can see at the daily chart, Eurodollar has rebounded from the -2/8 level and been able to stay above the daily Super Trend.
29.12.2015

Murrey Math Lines 29.12.2015 (EUR/USD, USD/CAD)

Eurodollar is moving inside a narrow trading range.
28.12.2015

Murrey Math Lines 28.12.2015 (EUR/USD, USD/CAD)

At the H1 chart, Eurodollar is moving in the middle.
23.12.2015

Murray levels analysis for the EUR/USD and USD/CAD on 23.12.2015

The Euro Dollar has formed a retreat from the 2/8 level. If subsequently the price consolidates below the four-hour SuperTrend, it will be the first signal for the resumption of the downward movement.