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Dakar 2017
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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.

13.06.2016

Murrey Math Lines 13.06.2016 (EUR/USD, NZD/USD)

Eurodollar is being corrected at the 4/8 level.
10.06.2016

Murrey Math Lines 10.06.2016 (EUR/USD, GBP/JPY)

Just as we expected yesterday, Eurodollar is attempting to resume falling.
09.06.2016

Murrey Math Lines 09.06.2016 (EUR/USD, GBP/USD)

In case of Eurodollar, the growth is slowing down.
08.06.2016

Murrey Math Lines 08.06.2016 (EUR/USD, NZD/USD)

Eurodollar continues moving inside the Flat pattern near its local highs; the current ascending movement is supported by Super Trends.
07.06.2016

Murrey Math Lines 07.06.2016 (EUR/USD, NZD/USD)

Eurodollar is trying to stay above the 5/8 level.
06.06.2016

Murrey Math Lines 06.06.2016 (EUR/USD, NZD/JPY)

Bulls made a real breakthrough by smashing the 4/8 level.
03.06.2016

Murrey Math Lines 03.06.2016 (EUR/USD, USD/CHF)

Eurodollar rebounded from the daily Super Trend, which means that it may resume moving downwards.
02.06.2016

Murrey Math Lines 02.06.2016 (EUR/USD, GBP/USD)

Pound continues its decline, which resulted in “bearish cross” formed by Super Trends.
01.06.2016

Murrey Math Lines 01.06.2016 (EUR/USD, GBP/USD)

Eurodollar is being corrected between Super Trends.
31.05.2016

Murrey Math Lines 31.05.2016 (EUR/USD, AUD/USD)

In case of Australian Dollar, the current correction faced resistance from the daily Super Trend.
30.05.2016

Murrey Math Lines 30.05.2016 (EUR/USD, USD/CHF)

Franc is being corrected as well.
27.05.2016

Murrey Math Lines 27.05.2016 (EUR/USD, AUD/USD)

Eurodollar is being corrected inside the “oversold zone” between Super Trends.
26.05.2016

Murrey Math Lines 26.05.2016 (EUR/USD, USD/CHF)

Eurodollar is moving inside the “oversold zone”, near the -1/8 level.
25.05.2016

Murrey Math Lines 25.05.2016 (EUR/USD, USD/CHF)

Eurodollar continues falling inside the “oversold zone”.
24.05.2016

Murrey Math Lines 24.05.2016 (EUR/USD, USD/CHF)

Eurodollar is still moving inside the “oversold zone” and trying to rebound from the 0/8 level and the H4 Super Trend.