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 |
| 06 May | Four-hour chart of EURUSD. The pair dropped almost without pullbacks. Following to a brief consolidation, bears forced support at (4/8) and caught up with the price on the next local support - SuperTrend Daily line. But so far it is clear that buyers would defend this level fiercly. Therefore, th | Four-hours chart of GBPUSD. The pair continues to consolidate on the Supertrend Daily line. As long as the initiative belongs to sellers, we have no preconditions for an upward reversal. The local level of support is likely to be crossed today and the price will continue its further downward move | The four-hours chart of USDJPY . The nearest goal of growth is the intermediate level of resistance (2/8). An outlook of a corrective growth depends on results of test of this level. Its breakthrough and consolidation above it will open a target for a further growth. A downward bounce would sign |
| 05 May | |||
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