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.
Both AUDUSD and NZDUSD have reached the “overbought area”.
EURUSD may stop its growth at 7/8; in case of GBPUSD, the second attempt to break 3/8 was unsuccessful.
EURUSD has reached the “overbought area”, while GBPUSD may fall towards the support at 3/8.
USDCHF is completing its ascending tendency, while XAUUSD may fall to reach 1/8.
USDJPY continues trading upwards to reach the resistance at 8/8, while USDCAD may correct towards the resistance at 3/8.
AUDUSD may fall towards 3/8; in case of NZDUSD, bears may try to break 7/8 today.
EURUSD continues heading towards 8/8, while GBPUSD may complete the correction at 7/8.
EURUSD may continue rising to reach 8/8; in case of GBPUSD, bulls may try to break 6/8.