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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.

2015 EURUSD GBPUSD USDJPY
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December

The four-hours chart of EUR USD. Over the last day, the chart has shown no significant changes. Currently the pair is going through correction. Most likely, the correction will continue for some more time before the pair resumes the downward movement to the previously marked target level (0/8).

The four-hours chart of GBP USD. The target level (0/8) has been reached. So far, the pair was unable to break through the level (0/8). After a minor consolidation, it bounced off it upwards, so a corrective upward movement is our main expectation. Target is at the level of (2/8). Trading solut

The four-hour chart of USDJPY . The target level (8/8) has been achieved, whereupon the pair bounced down hard enough. At the moment the price is on the main level of support and resistance (4/8). This is the strongest level of the system, but most likely such a strong downward movement will bri

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