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 |
| 27 May | Four-hour chart EURUSD. The nearest resistance level which - the Weekly SuperTrend line - was broken upwards. So, we expect growth of the price to the level 1.1230 (0/8). This is a rather important level. Now it serves as resistance level and borders the price inside the oversoldness zone. We ex | Four-hours chart of GBPUSD. The price has pulled back to the bottom. Let me remind you that the pair is in overboughtness area, which resists by its entire area, so it is characterized by a relatively strong and frequent rollback of the price down. Nevertheless, we can see that buyers have so far | The four-hours chart of USDJPY. Buyers are holding the price above the main support and resistance level (4/8). By and large, no major strategic changes in the chart happened the last day. The potential for further upward movement remains here. All key areas of support are not broken and held b |
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