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 |
25 March | The four-hours chart of EUR USD. The pair is between two Supertrends lines, the daily and four hours line. Given the fact that today the holiday in many countries, we have low volatility for the pair and most likely we will not see the price exiting the local flat. As for the medium run, most likel | Four-hours chart of GBP USD. The pair was not able to get to (3/8), the price bounced up. It is too early to talk about reversal and resumption of the upward movement. Growth of pair will be enabled only when the price consolidates above the Day SuperTrend Line. Bulls may drag the price up to this | The four-hour chart of USDJPY . Bulls are still dragging the price up. Now they are trying to break through the Day SuperTrend line and most likely they will succeed. Breakdown of this resistance level opens the way for further growth of the pair to the next target level (6/8). It is a much more |
23 March | |||
22 March | |||
21 March |