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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.

26.10.2016

Murrey Math Lines 26.10.2016 (EUR/USD, USD/CHF)

The EUR/USD pair rebounded from the 2/8 level several times and may start a new ascending correction.
25.10.2016

Murrey Math Lines 25.10.2016 (EUR/USD, NZD/JPY)

The EUR/USD pair is being corrected under the H4 Super Trend.
24.10.2016

Murrey Math Lines 24.10.2016 (EUR/USD, AUD/USD)

The EUR/USD pair is still falling.
21.10.2016

Murrey Math Lines 21.10.2016 (EUR/USD, USD/CAD)

After consolidating for a while near the 4/8 level, the EUR/USD pair continued its decline.
20.10.2016

Murrey Math Lines 20.10.2016 (EUR/USD, USD/CAD)

After rebounding from the H4 Super Trend, the EUR/USD pair fixed below the 4/8 level.
19.10.2016

Murrey Math Lines 19.10.2016 (EUR/USD, USD/CAD)

Yesterday, the ascending correction “died out” and the EUR/USD pair fixed below the H4 Super Trend.
18.10.2016

Murrey Math Lines 18.10.2016 (EUR/USD, GBP/USD)

The EUR/USD pair couldn’t stay under the 4/8 level after all and started the current ascending correction.
17.10.2016

Murrey Math Lines 17.10.2016 (EUR/USD, GBP/USD)

The EUR/USD pair is being corrected at the 4/8 level.
14.10.2016

Murrey Math Lines 14.10.2016 (EUR/USD, NZD/USD)

Yesterday, the EUR/USD pair rebounded from the 4/8 level and started an ascending correction.
13.10.2016

Murrey Math Lines 13.10.2016 (EUR/USD, NZD/USD)

The NZD/USD pair is moving inside the “oversold zone” under the 0/8 level.
12.10.2016

Murrey Math Lines 12.10.2016 (EUR/USD, NZD/USD)

The EUR/USD pair continued its decline and, as a result, the lines at the chart were redrawn.
11.10.2016

Murrey Math Lines 11.10.2016 (EUR/USD, NZD/JPY)

Earlier, the EUR/USD pair rebounded from the 0/8 level and right now it is testing this level one more time.
10.10.2016

Murrey Math Lines 10.10.2016 (EUR/USD, NZD/JPY)

Last Friday, the EUR/USD pair rebounded from the 0/8 level and, as a result, started growing very fast.
07.10.2016

Murrey Math Lines 07.10.2016 (EUR/USD, USD/CHF)

The USD/CHF pair is moving inside the “overbought zone” steadily; Super Trends formed “bullish cross”.
06.10.2016

Murrey Math Lines 06.10.2016 (EUR/USD, USD/CAD)

The EUR/USD pair is still consolidating.