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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 23.10.2015 (EUR/USD, SILVER)

Eurodollar continues falling.

Murrey Math Lines 22.10.2015 (EUR/USD, EUR/JPY)

Eurodollar has reached a new local low, but the pair is still moving between Super Trends.

Murrey Math Lines 21.10.2015 (EUR/USD, AUD/USD)

Eurodollar is still being corrected.

Murrey Math Lines 20.10.2015 (EUR/USD, EUR/JPY)

Eurodollar has started another local correction and right now is trying to rebound from the H4 Super Trend.

Murrey Math Lines 19.10.2015 (EUR/USD, EUR/JPY)

After rebounding from the 8/8 level, Eurodollar has started falling and right now is moving between Super Trends.

Murrey Math Lines 16.10.2015 (EUR/USD, AUD/USD)

Eurodollar is moving between Super Trends.

Murrey Math Lines 15.10.2015 (EUR/USD, AUD/USD)

Eurodollar has rebounded from the 8/8 level, which means that it may resume falling.

Murrey Math Lines 14.10.2015 (EUR/USD, AUD/USD)

Eurodollar is trying to rebound from the 7/8 level.

Murrey Math Lines 13.10.2015 (EUR/USD, SILVER)

As we can see at the H4 chart, Silver is moving below Super Trends again.

Murrey Math Lines 12.10.2015 (EUR/USD, USD/ZAR)

The local growth continues.

Murrey Math Lines 09.10.2015 (EUR/USD, USD/CHF)

After reaching a new local high, Eurodollar is moving near the 6/8 level.

Murrey Math Lines 08.10.2015 (EUR/USD, USD/CHF)

Eurodollar is still moving sideways.

Murrey Math Lines 07.10.2015 (EUR/USD, USD/CHF)

Eurodollar is still consolidating.

Murrey Math Lines 06.10.2015 (EUR/USD, GBP/USD)

Eurodollar has been able to stay under the 4/8 level; Super Trends are still influenced by “bearish cross”.

Murrey Math Lines 05.10.2015 (EUR/USD, USD/ZAR)

As we can see at the H4 chart, South African Rand is testing the 6/8 level.