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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.

29.07.2016

Murrey Math Lines 29.07.2016 (EUR/USD, USD/CAD)

Yesterday, the price rebounded from the 2/8 level and then stayed below it.
28.07.2016

Murrey Math Lines 28.07.2016 (EUR/USD, USD/CAD)

At the H4 chart, Eurodollar is trying to rebound from the 2/8 level.
27.07.2016

Murrey Math Lines 27.07.2016 (EUR/USD, USD/CAD)

Eurodollar has been able to stay below the H4 Super Trend, which means that it may resume its decline.
26.07.2016

Murrey Math Lines 26.07.2016 (EUR/USD, USD/CAD)

In case of Eurodollar, the correction continues.
25.07.2016

Murrey Math Lines 25.07.2016 (EUR/USD, GBP/USD)

After rebounding from the H4 Super Trend, Eurodollar has broken the 0/8 level and right now is moving inside the “oversold zone”.
22.07.2016

Analysis of Murray's levels for EUR/USD and AUD/USD on 22.07.2016

Euro to US Dollar is traded bellow 4 hour SuperTrends lines. Also price formed pullback from mark 1/8 that indicates on possibility of soon resuming of the pair descending.
21.07.2016

Analysis of Murray's levels for EUR/USD and AUD/USD on 21.07.2016

After pullback from mark 0/8, Euro to US Dollar went to local correction.
20.07.2016

Analysis of Murray's levels for EUR/USD and GBP/USD on 20.07.2016

Euro to US Dollar pair after pullback from daily SuperTrend approached to mark 0/8.
19.07.2016

Analysis of Murray's levels for EUR/USD and GBP/USD on 19.07.2016

After pullback from daily SuperTrend line, Euro-US Dollar returned to descending.
18.07.2016

Analysis of Murray's levels for EUR/USD and GBP/USD on 18.07.2016

Pullback from daily SuperTrend line accelerated resuming of the pair descending.
15.07.2016

Analysis of Murray's levels for EUR/USD and GBP/USD on 15.07.2016

Euro-US Dollar pair formed pullback from daily SuperTrend, slightly went away from mark 3/8.
14.07.2016

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.
13.07.2016

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.