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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 17.12.2015 (EUR/USD, USD/CAD)

Eurodollar has reached the daily Super Trend.

Murrey Math Lines 16.12.2015 (EUR/USD, USD/CAD)

Eurodollar hasn’t been able to stay above the 2/8 level and right now is moving under this level again below the H4 Super Trend.

Murrey Math Lines 15.12.2015 (EUR/USD, USD/CAD)

Eurodollar is trying to break the 2/8 level.

Murrey Math Lines 14.12.2015 (EUR/USD, USD/CAD)

At the end of the last week, Eurodollar tried to break the 2/8 level once again, but wasn’t able to stay above it and right now is already moving below the H4 Super Trend.

Murrey Math Lines 11.12.2015 (EUR/USD, NZD/USD)

New Zealand Dollar has rebounded from the 7/8 level four times, which means that it may start a descending correction, at least.

Murrey Math Lines 10.12.2015 (EUR/USD, NZD/USD)

Eurodollar has rebounded from the 2/8 level twice, which means that it may resume moving downwards.

Murrey Math Lines 09.12.2015 (EUR/USD, USD/CAD)

Eurodollar is moving towards the 2/8 level.

Murrey Math Lines 08.12.2015 (EUR/USD, USD/CAD)

After rebounding from the 2/8, Eurodollar has started a new correction.

Murrey Math Lines 07.12.2015 (EUR/USD, USD/CAD)

Eurodollar has faced resistance from the 2/8 level and started a descending correction.

Murrey Math Lines 04.12.2015 (EUR/USD, AUD/USD)

The situation is quite interesting on the H1 chart: with a single ascending movement, the price has broken the distance between the 0/8 and 8/8 levels without any serious corrections.

Murrey Math Lines 03.12.2015 (EUR/USD, SILVER)

Eurodollar is still moving at the bottom of the H4 chart.

Murrey Math Lines 02.12.2015 (EUR/USD, EUR/JPY)

Eurodollar is trying to stay under The H4 Super Trend and the 1/8 level.

Murrey Math Lines 01.12.2015 (EUR/USD, EUR/JPY)

Eurodollar is still moving inside “oversold zone”.

Murrey Math Lines 30.11.2015 (EUR/USD, SILVER)

Eurodollar is still moving inside “oversold zone”.

Murrey Math Lines 27.11.2015 (EUR/USD, EUR/JPY)

Eurodollar has rebounded from the H4 Super Trend once again and been able to stay below the -1/8 level.