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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.

15.08.2016

Murrey Math Lines 15.08.2016 (EUR/USD, AUD/USD)

Last Friday, the EUR/USD pair rebounded from the 7/8 level, which means that it may resume falling.
12.08.2016

Murrey Math Lines 12.08.2016 (EUR/USD, AUD/USD)

After rebounding from the 6/8 level, the EUR/USD pair is expected to resume falling.
11.08.2016

Murrey Math Lines 11.08.2016 (EUR/USD, AUD/USD)

Probably, the ascending correction has completed as the price hasn’t been able to stay above the 6/8 level, and it means that the pair may resume falling.
10.08.2016

Murrey Math Lines 10.08.2016 (EUR/USD, GBP/USD)

The current ascending correction is becoming deeper.
09.08.2016

Murrey Math Lines 09.08.2016 (EUR/USD, GBP/USD)

Eurodollar is consolidating between Super Trends, which may soon form “bearish cross”.
08.08.2016

Murrey Math Lines 08.08.2016 (EUR/USD, GBP/USD)

Eurodollar is consolidating between Super Trends.
05.08.2016

Murrey Math Lines 05.08.2016 (EUR/USD, USD/JPY)

Yen is still being corrected under the H4 Super Trend.
04.08.2016

Murrey Math Lines 04.08.2016 (EUR/USD, USD/JPY)

After rebounding from the 4/8 level, Eurodollar started forming a new descending correction.
03.08.2016

Murrey Math Lines 03.08.2016 (EUR/USD, USD/JPY)

At the H4 chart, the pair has rebounded from the 1/8 level, which means that the local correction may take place.
02.08.2016

Murrey Math Lines 02.08.2016 (EUR/USD, USD/JPY)

In case of Eurodollar, the situation hasn’t changed much over the last 24 hours.
01.08.2016

Murrey Math Lines 01.08.2016 (EUR/USD, USD/JPY)

After a fast growth last Friday, Eurodollar is consolidating near the 3/8 level.
29.07.2016

Murrey Math Lines 29.07.2016 (EUR/USD, USD/CAD)

Yesterday, the price rebounded from the 2/8 level and then stayed below it.
28.07.2016

Murrey Math Lines 28.07.2016 (EUR/USD, USD/CAD)

At the H4 chart, Eurodollar is trying to rebound from the 2/8 level.
27.07.2016

Murrey Math Lines 27.07.2016 (EUR/USD, USD/CAD)

Eurodollar has been able to stay below the H4 Super Trend, which means that it may resume its decline.
26.07.2016

Murrey Math Lines 26.07.2016 (EUR/USD, USD/CAD)

In case of Eurodollar, the correction continues.