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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.


Analysis of Murray's level for EUR/USD and GBP/USD on 14.07.2016

The pair is traded again on Murray's mark 2/8, earlier from which row of pullbacks was formed.

Analysis of Murray's levels for EUR/USD and AUS/USD on 13.07.2016

Pair is traded again under 4 hour SuperTrend. More over, pullback from Murray's mark 2/8 was formed.

Murrey Math Lines 08.07.2016 (EUR/USD, GBP/USD)

Pound is still moving under the H4 Super Trend; earlier, the pair rebounded from it several times.

Murrey Math Lines 07.07.2016 (EUR/USD, GBP/USD)

Eurodollar is attempting to rebound from the H4 Super Trend and the 2/8 level.

Murrey Math Lines 06.07.2016 (EUR/USD, GBP/USD)

After rebounding from the 5/8 level successfully, Eurodollar has resumed falling.

Murrey Math Lines 05.07.2016 (EUR/USD, GBP/USD)

Eurodollar rebounded from the 3/8 level, which provided resistance for the current correction earlier.

Murrey Math Lines 04.07.2016 (EUR/USD, GBP/USD)

After rebounding from the 3/8 level, Pound is moving under the H4 Super Trend again.

Murrey Math Lines 01.07.2016 (EUR/USD, USD/CHF)

In case of Eurodollar, the correction continues.

Murrey Math Lines 30.06.2016 (EUR/USD, USD/CHF)

Eurodollar has rebounded the H4 Super Trend, thus continuing the current ascending correction.

Murrey Math Lines 29.06.2016 (EUR/USD, USD/CHF)

Eurodollar continues consolidating under the H4 Super Trend after rebounding from it several times.

Murrey Math Lines 28.06.2016 (EUR/USD, GBP/USD)

Eurodollar is still being corrected at the bottom of the H4 chart under Super Trends.

Murrey Math Lines 27.06.2016 (EUR/USD, USD/CHF)

Franc rebounded from the 0/8 level twice, reached the 4/8 one very fast, and then started a local correction.

Murrey Math Lines 24.06.2016 (EUR/USD, USD/CHF)

After rebounding from the 7/8 level twice, Eurodollar started a fast decline, which was later stopped by the -1/8 level and the price rebounded upwards.