Murrey Levels - this type of market analysis has been demanded by many traders for a long time. Whether you trade shares, currency or futures, Murray Levels perfectly apply to all instruments. Main principle of ML is that all markets move in a similar manner (which means that behavior of crowd determines all markets and thus they have similar characteristics).
Murray Levels are based on discoveries made by William Gann in the first half of XX century. As William Gann performed as an efficient trader, his technique seemed complex and intricate. But Mr. Murray simplified Gann's technique: he created a special geometrical system that describes price movement over time.
| 2016 | EURUSD | GBPUSD | USDJPY |
| 08 July | Four-hours chart of EURUSD. Buyers have demonstrated their weakness. They managed to hold the price above (1/8), but failed to hole the four-hours line of SuperTrend. This is a serious signal not in favor of bulls. Today, the main plan is a drop with the nearest goal - the main level of support ( | Four-hours chart of GBPUSD. Our expectations of an upward corrective pullback did not come true. Buyers even could not break through the fourhours' line of SuperTrend. This is a signal of a continueddownward trend movement. The main plan is a drop with the nearest goal at the main support level | The four-hours chart of USDJPY . There was no strong rebound from the main support level (0/8). Moreover, the pair failed to cross the resistance on the four-hours SuperTrend line. We have a signal of a continued downward trend movement. Therefore, we expect the downward movement to target (-1/8 |
| 07 July | |||
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| 04 July |
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