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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 17.06.2016 (EUR/USD, AUD/USD)

The price hasn’t been able to stay below the 4/8 level and right now is moving above it again, thus thwarting bears’ plans.

Murrey Math Lines 16.06.2016 (EUR/USD, USD/CAD)

Super Trends have formed “bearish cross”, which means that Eurodollar may resume moving downwards.

Murrey Math Lines 15.06.2016 (EUR/USD, USD/CAD)

Eurodollar has been able to stay below the 4/8 level after all, which means that it may continue falling.

Murrey Math Lines 14.06.2016 (EUR/USD, NZD/USD)

Eurodollar has broken the 4/8 level; Super Trends may form “bearish cross” during the next several hours.

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

Eurodollar is being corrected at the 4/8 level.

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

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

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

In case of Eurodollar, the growth is slowing down.

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.

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

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

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

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

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.

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

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

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

Eurodollar is being corrected between Super Trends.

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.