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 |
| 10 Julio | 4 hours’ chart of GBPUSD. The pair has completed a retest of the weekly Supertrend line, but was not able to pass this level. Therefore, the main scenario considered by us is still an upward correctional pullback of the price. Target is represented by the day Supertrend line. An additional proof w | 4 hours’ chart of USDJPY. The pair is still proof testing the main level of support and resistance (4/8). So far, the pair failed to pass this level. The main scenario considered by us is renewal of decline with the nearest target based on the level (2/8). This scenario will be cancelled by cons | |
| 09 Julio | |||
| 08 Julio | |||
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| 06 Julio |
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