One of the classic approaches to the currency market analysis, which is successfully applied to everyday trading processes. Murrey math lines can be used for understanding both short- and long-term outlooks. As a rule, a strategy that involves Murrey math lines includes other types of technical analysis.
EURUSD may reach 5/8, while GBPUSD is trading close to resistance at 8/8.
USDCHF is consolidating, while XAUUSD may grow to reach 8/8.
USDJPY may correct towards 5/8, while USDCAD is expected to continue the rising tendency to reach the resistance at 8/8.
Both AUDUSD and NZDUSD are demonstrating significant growth and may continue their ascending tendencies.
EURUSD may test 3/8, while GBPUSD may continue growing towards 7/8.
EURUSD may correct towards 2/8, while GBPUSD may continue growing to reach 7/8.
USDCHF is moving close to the “overbought area”, while XAUUSD may grow to reach 7/8.
USDJPY is moving close to the resistance at 8/8, while USDCAD continues the rising tendency.