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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.


Murrey Math Lines 29.03.2016 (EUR/USD, USD/CAD)

The correction continues.

Murrey Math Lines 28.03.2016 (EUR/USD, USD/CAD)

Eurodollar is still consolidating between Super Trends.

Murrey Math Lines 25.03.2016 (EUR/USD, NZD/USD)

Eurodollar is still moving between Super Trends under the 4/8 level.

Murrey Math Lines 24.03.2016 (EUR/USD, NZD/USD)

New Zealand Dollar hasn’t been able to break the 3/8 level yet, which means that it may start an ascending correction.

Murrey Math Lines 23.03.2016 (EUR/USD, NZD/USD)

Eurodollar has been able to stay under the 4/8 level; the H4 Super Trend has moved into “red zone”.

Murrey Math Lines 22.03.2016 (EUR/USD, NZD/USD)

Eurodollar has broken the 4/8 level and right now is trying to stay under it.

Murrey Math Lines 21.03.2016 (EUR/USD, NZD/USD)

Eurodollar is consolidating near the H4 Super Trend.

Murrey Math Lines 18.03.2016 (EUR/USD, NZD/JPY)

Eurodollar is consolidating near the 5/8 level.

Murrey Math Lines 17.03.2016 (EUR/USD, NZD/JPY)

Eurodollar continues growing.

Murrey Math Lines 16.03.2016 (EUR/USD, NZD/USD)

Eurodollar has been able to stay under the H4 Super Trend and the 3/8 level as well.

Murrey Math Lines 15.03.2016 (EUR/USD, NZD/USD)

Yesterday, Eurodollar broke the H4 Super Trend and stayed below it.

Murrey Math Lines 14.03.2016 (EUR/USD, NZD/USD)

After making a fast ascending movement last week, Eurodollar is consolidating.

Murrey Math Lines 11.03.2016 (EUR/USD, NZD/USD)

After rebounding from the 1/8 level twice, Eurodollar started a fast growth.

Murrey Math Lines 10.03.2016 (EUR/USD, AUD/USD)

Eurodollar is still consolidating near Super Trends, which are still influenced by “bullish cross”.

Murrey Math Lines 09.03.2016 (EUR/USD, EUR/JPY)

Yesterday, bears returned to the market and stopped the correction.