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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.

11.02.2016

Murrey Math Lines 11.02.2016 (EUR/USD, GBP/JPY)

Eurodollar continues growing; the current ascending movement is supported by Super Trends.
10.02.2016

Murrey Math Lines 10.02.2016 (EUR/USD, GBP/JPY)

Eurodollar is being corrected above the 8/8 level inside “overbought zone”; the current ascending movement is supported by Super Trends.
09.02.2016

Murrey Math Lines 09.02.2016 (EUR/USD, GBP/JPY)

Eurodollar has tested the 8/8 level one more time and rebounded from it again.
08.02.2016

Murrey Math Lines 08.02.2016 (EUR/USD, GBP/JPY)

Eurodollar has rebounded from the 8/8 level twice, which means that it may start a new descending correction.
05.02.2016

Murrey Math Lines 05.02.2016 (EUR/USD, USD/CHF)

Eurodollar has reached the 8/8 level and started a new local correction.
04.02.2016

Murrey Math Lines 04.02.2016 (EUR/USD, USD/CHF)

In case of Eurodollar, the price continues moving upwards quite fast and this growth is supported by the H4 Super Trend.
03.02.2016

Murrey Math Lines 03.02.2016 (EUR/USD, NZD/JPY)

Eurodollar continues moving sideways.
02.02.2016

Murrey Math Lines 02.02.2016 (EUR/USD, NZD/JPY)

The pair is still consolidating.
01.02.2016

Murrey Math Lines 01.02.2016 (EUR/USD, GBP/JPY)

The pair is moving below Super Trends, which may form “bearish cross” quite soon.
29.01.2016

Murrey Math Lines 29.01.2016 (EUR/USD, GBP/JPY)

The pair is still consolidating.
28.01.2016

Murrey Math Lines 28.01.2016 (EUR/USD, GBP/JPY)

The pair is moving above Super Trends.
27.01.2016

Murrey Math Lines 27.01.2016 (EUR/USD, GBP/JPY)

After rebounding from the 1/8 level twice, the pair is trying to stay above Super Trends, which may form “bullish cross” in the nearest future.
26.01.2016

Murrey Math Lines 26.01.2016 (EUR/USD, GBP/JPY)

The price is still consolidating close to Super Trends.
25.01.2016

Murrey Math Lines 25.01.2016 (EUR/USD, GBP/JPY)

The price is still consolidating.
22.01.2016

Murrey Math Lines 22.01.2016 (EUR/USD, GBP/JPY)

The flat continues.