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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.


Murrey Math Lines 22.08.2016 (EUR/USD, AUD/USD)

The EUR/USD pair has broken the 5/8 level along with the H4 Super Trends, which means that it may continue moving downwards.

Murrey Math Lines 19.08.2016 (EUR/USD, USD/CAD)

After rebounding from the 6/8 level, the EUR/USD pair started a local correction.

Murrey Math Lines 18.08.2016 (EUR/USD, USD/CAD)

The USD/CAD pair has rebounded from the H4 Super Trend and started falling.

Murrey Math Lines 17.08.2016 (EUR/USD, USD/CHF)

The EUR/USD pair is still moving inside the “overbought zone”.

Murrey Math Lines 16.08.2016 (EUR/USD, USD/CAD)

The EUR/USD pair started a fast growth and right now is moving inside the “overbought zone”.

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.

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.

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.

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

The current ascending correction is becoming deeper.

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

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

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

Eurodollar is consolidating between Super Trends.

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

Yen is still being corrected under the H4 Super Trend.

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

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

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.

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.