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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.

02.09.2016

Murrey Math Lines 02.09.2016 (EUR/USD, AUD/USD)

In case of the EUR/USD pair, the correction is becoming deeper as the price is moving between Super Trends.
01.09.2016

Murrey Math Lines 01.09.2016 (EUR/USD, AUD/USD)

The EUR/USD pair is still consolidating below the 3/8 level and the H4 Super Trend.
31.08.2016

Murrey Math Lines 31.08.2016 (EUR/USD, AUD/USD)

The EUR/USD pair continues falling.
30.08.2016

Murrey Math Lines 30.08.2016 (EUR/USD, USD/CAD)

After Super Trends had formed “bearish cross”, bears returned to the market.
29.08.2016

Murrey Math Lines 29.08.2016 (EUR/USD, USD/CAD)

Super Trends have formed “bearish cross”, which means that the EUR/USD pair may yet continue moving downwards.
26.08.2016

Murrey Math Lines 26.08.2016 (EUR/USD, AUD/USD)

At the H4 chart, the EUR/USD pair is still moving between Super Trends.
25.08.2016

Murrey Math Lines 25.08.2016 (EUR/USD, AUD/USD)

At the H4 chart, the EUR/USD pair is moving between Super Trends.
24.08.2016

Murrey Math Lines 24.08.2016 (EUR/USD, USD/JPY)

The EUR/USD pair has rebounded from the 6/8 level twice and broken the H4 Super Trend, which means that it may yet continue moving downwards.
23.08.2016

Murrey Math Lines 23.08.2016 (EUR/USD, USD/JPY)

The EUR/USD pair is moving above the H4 Super Trend again.