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 is trading in the oversold area again. Bulls are trying to break through 5/8 today.
Bulls are trying to prevent EURUSD from falling. GBPUSD may grow up to the resistance 8/8.
USDCHF may decline to the support at 0/8. Gold is taking new heights.
USDJPY attempts at escaping the consolidation area. Traders still have their doubts about further direction of USDCAD price.
AUDUSD keeps moving towards the goal at 8/8. NZDUSD is trading in the overbought area.
EURUSD may correct to 6/8, bearish pressure is decreasing.
EURUSD may complete the correction at 5/8, while GBPUSD may grow to reach the resistance at 7/8.
Bears increase pressure on USDCHF, while XAUUSD is about to update its highs.