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 |
08 Abril | Four-hour chart of EUR USD. The pair fully met your expectations. We saw a slight update of the local High and a rather strong rollsback of the price down. In the current situation, drop is the most expected way. Sellers are pressing bulls to the four-hours Supertrend line. Previously, this level | Four-hour chart of GBP USD. The pair has bounced down off the main level of support and resistance. Yesterday pointed out how important it is to keep this level for sellers. Medium-term goal of a deeper drop is the main support level (0/8). For buyers, the situation remains the same. Only consolid | The four-hours chart of USD JPY . The pair broke the level (-2/8) and as a result Murrey levels were redrafted. Enhanced volatility ensured that they were significantly expanded. The pair is currently going through correction. The first target for correction on the four-hours SuperTrend line has b |
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