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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.

08.04.2016

Murrey Math Lines 08.04.2016 (EUR/USD, USD/CHF)

Eurodollar is still consolidating; bulls are supported by the H4 Super Trend and the 5/8 level.
07.04.2016

Murrey Math Lines 07.04.2016 (EUR/USD, USD/CHF)

At the H1 chart, Super Trends are influenced by “bullish cross”.
06.04.2016

Murrey Math Lines 06.04.2016 (EUR/USD, AUD/USD)

In case of Eurodollar, the current situation is very important.
05.04.2016

Murrey Math Lines 05.04.2016 (EUR/USD, AUD/USD)

The market is moving close to the H4 Super Trend.
04.04.2016

Murrey Math Lines 04.04.2016 (EUR/USD, AUD/USD)

The local ascending tendency continues.
01.04.2016

Murrey Math Lines 01.04.2016 (EUR/USD, AUD/JPY)

Eurodollar has been able to stay above the 5/8 level, which means that the pair may continue moving upwards.
31.03.2016

Murrey Math Lines 31.03.2016 (EUR/USD, USD/CAD)

Eurodollar continues growing and right now bulls are trying to keep the price above the 5/8 level.
30.03.2016

Murrey Math Lines 30.03.2016 (EUR/USD, AUD/USD)

Eurodollar is again moving inside the “overbought zone”, between the +1/8 and +2/8 levels.
29.03.2016

Murrey Math Lines 29.03.2016 (EUR/USD, USD/CAD)

The correction continues.
28.03.2016

Murrey Math Lines 28.03.2016 (EUR/USD, USD/CAD)

Eurodollar is still consolidating between Super Trends.
25.03.2016

Murrey Math Lines 25.03.2016 (EUR/USD, NZD/USD)

Eurodollar is still moving between Super Trends under the 4/8 level.
24.03.2016

Murrey Math Lines 24.03.2016 (EUR/USD, NZD/USD)

New Zealand Dollar hasn’t been able to break the 3/8 level yet, which means that it may start an ascending correction.
23.03.2016

Murrey Math Lines 23.03.2016 (EUR/USD, NZD/USD)

Eurodollar has been able to stay under the 4/8 level; the H4 Super Trend has moved into “red zone”.
22.03.2016

Murrey Math Lines 22.03.2016 (EUR/USD, NZD/USD)

Eurodollar has broken the 4/8 level and right now is trying to stay under it.
21.03.2016

Murrey Math Lines 21.03.2016 (EUR/USD, NZD/USD)

Eurodollar is consolidating near the H4 Super Trend.