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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 31.05.2016 (EUR/USD, AUD/USD)

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

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

Franc is being corrected as well.

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

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

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

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

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

Eurodollar continues falling inside the “oversold zone”.

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.

Murrey Math Lines 23.05.2016 (EUR/USD, USD/CHF)

Eurodollar is still moving inside the “oversold zone”.

Murrey Math Lines 20.05.2016 (EUR/USD, USD/CHF)

Eurodollar has been able to stay inside the “oversold zone” under the 0/8 level after all.

Murrey Math Lines 19.05.2016 (EUR/USD, USD/CHF)

Eurodollar has broken the 0/8 level and right now is trying to stay below it.

Murrey Math Lines 18.05.2016 (EUR/USD, USD/CHF)

Eurodollar has broken its local low and right now continues falling.

Murrey Math Lines 17.05.2016 (EUR/USD, USD/CAD)

After rebounding from the 1/8 level, Eurodollar was supported by the H4 Super Trend, which means that it may resume falling.

Murrey Math Lines 16.05.2016 (EUR/USD, GBP/USD)

Eurodollar continues moving downwards after Super Trends formed “bearish cross”.

Murrey Math Lines 13.05.2016 (EUR/USD, GBP/USD)

Eurodollar resumed moving downwards and, as a result, Super Trends formed “bearish cross”.

Murrey Math Lines 12.05.2016 (EUR/USD, GBP/USD)

Eurodollar is attempting to stay under Super Trends, which may form “bearish cross” in the nearest future.

Murrey Math Lines 11.05.2016 (EUR/USD, USD/CAD)

Eurodollar is moving under Super Trends, which may form “bearish cross” in the nearest future.