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 |
18 September | The four-hours chart of EURUSD. The pair has left the horizontal channel (3/8 - 5/8) and hit its upper border. The nearest goal for growth is still repersented by the level (6/8). We expect that following to achieving this goal, the pair will roll back in the downward direction. Trade Solution | The four-hours chart of GBPUSD. Goal on the main resistance level (8/8) has been achieved. From this level, the price has already bounced downward. At the moment, we can expect a slight local rollback upward and decline of the price with the nearest goal on the four-hours Supertrend line. Busi | The four-hours chart of USDJPY . The pair has bounced down from the Day line of SuperTrend. Therefore, our main expectation is decline of the pair with a view on the main level of support and resistance (4/8). Breakdown of the Day Line of Supertrend from the bottom to top will cancel this expec |
17 September | |||
16 September | |||
15 September | |||
14 September |