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.
At the H1 chart, the price is moving close to the 4/8 level as well.
At the H4 chart, Eurodollar is still consolidating in the middle.
At the H4 chart, Eurodollar is still moving in the middle.
As we can see at the H4 chart, Eurodollar’s attempt to break the 4/8 level has failed and right now the price is moving below it again.
At the H4 chart, Eurodollar is moving below the 4/8 level; Super Trend have formed “bearish cross”.
At the H4 chart, Eurodollar has been able to stay below the 4/8 level and Super Trend have formed “bearish cross”.
At the H4 chart, Eurodollar is trying to stay below the 4/8 level and the daily Super Trend.
Eurodollar is moving under the H4 Super Trend again.
In case of Eurodollar, the ascending correction continues.
Eurodollar continues moving in the middle of the chart between Super Trends.
Eurodollar has rebounded from the 5/8 level and right now is moving below the H4 Super Trend.
Yesterday Eurodollar rebounded from the 5/8 level.
Eurodollar is trying to rebound from the 5/8 level.
The Eurodollar continues to consolidate in the middle of the building of levels.
On the four-hour chart the price is trading in the middle of the build up of levels, trying to form a retreat from the 4/8 line.