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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.

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.
22.12.2015

Murrey Math Lines 22.12.2015 (EUR/USD, USD/CAD)

Eurodollar is still being corrected and moving above Super Trends, that’s why I’ve got no open orders right now.
21.12.2015

Murrey Math Lines 21.12.2015 (EUR/USD, USD/CAD)

Eurodollar is consolidating close to Super Trends, which may soon form “bearish cross” to confirm a new decline of the price.
18.12.2015

Murrey Math Lines 18.12.2015 (EUR/USD, USD/CAD)

Eurodollar is moving close to the daily Super Trend. I
17.12.2015

Murrey Math Lines 17.12.2015 (EUR/USD, USD/CAD)

Eurodollar has reached the daily Super Trend.
16.12.2015

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.
15.12.2015

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

Eurodollar is trying to break the 2/8 level.
14.12.2015

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.
11.12.2015

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.
10.12.2015

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.
09.12.2015

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

Eurodollar is moving towards the 2/8 level.
08.12.2015

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

After rebounding from the 2/8, Eurodollar has started a new correction.
07.12.2015

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

Eurodollar has faced resistance from the 2/8 level and started a descending correction.
04.12.2015

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.