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Thomas Murray is a theorist of modern trading who made researches of W. Gann more comprehensible and more applicable in practice. Murrey Levels are efficient in determination of price of almost any financial instrument.

Murray levels analysis

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
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January

The four-hours chart of EUR USD. The pair bounced up from the area where Supertrend lines are accumulated. Continuation of growth of the pair is meanwhile our core expectation. The goal is the main support and resistance level, from which we expect a rather strong rollback of the price downward.

The four-hours chart if GBP USD. The pair made a retest of the Supertrend Day line and the reattempted to cross this line. But it was close enough to the next level of resistance (2/8), from which the price jumped down. As long as this level is not broken upward, our main expectation is resumption

The four-hours chart of USDJPY . Against the news background, the pair shot up. Most likely, the upward movement will still continue for some time before a downward pullback will happen. Target for growth is the level (6/8). Once it is reached, we expect a downward pullback. In the case of breakdo

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