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 |
11 March | The four-hours chart EURUSD. Yesterday pairs surprised both bulls and bears. We saw unsuccessful possibility of breaking through (1/8) level, bounce from this level could set next goal on main support/resistance level (4/8). As a result, in spite of big distance, pair could reach turn pattern in | The four-hours chart of GBPUSD. On this currency pair volatility is smaller than on EURUSD. But the situation remains uncertain too. Level (4/8) has influence on price. We saw an upwards bounce from this level but pair couldn’t break through (5/8) level. There is strong resistance on this le | The four-hours chart USDJPY. Pair has bounced upwards from the main support level (0/8). But price couldn’t break through (1/8) level. According to the rules of our system, level (1/8) is weak as a resistance level. Main possibility is movement in bullish direction. Price consolidation was d |
10 March | |||
09 March | |||
07 March |