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 |
04 Marzo | p> The four-hours chart of EURUSD. After a protracted consolidation on (1/8) level, the pair has bounced off this level. The resistance area was broken through. This area was formed by the four-hours Supertrend line and the weekly Supertrend line. At the moment pair is testing the resistance on th | The four-hours chart of GBPUSD. Pair has achieved the goal on main level of support/ resistance (4/8). This is the strongest level in the system and we can expect a downward pullback or maybe the price will turn over to the rising movement. But if this level is broekn through, we will good possib | The four-hours chart of USDJPY. Pair continues to consolidate above the support area which was formed by the four-hours Supertrend line and the daily Supertrend lines. When the price is above this area, the main possibility is pair growth. The goal for growth is the intermediate resistance level |
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29 Febrero |