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 |
07 August | four-hours' chart of EURUSD. The level (2/8) continues to develop the local upward correction. Nevertheless, the main scenario we are considering is continuation of downward movement targeting to hit support on the main level 1.0742 (0/8). An additional signal confirming this scenario will be br | The four-hours' chart of GBPUSD. After a durable consolidation within a horizontal channel (3/8 - 5/8), the pair came out of it and broke the bottom border down. Currently, the pair has stopped at the level of (2/8), but given that it had been within a horizontal channel for a long time, now obj | The four-hours' chart of USDJPY . From the main level of little support a minor pullback took place, but that is not the reaction that was supposed to be in the event of a trend reversal. Therefore, our core expectation is growth of the pair. One more proof of this scenario is the support by th |
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