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 |
| 22 July | Four-hours chart of EURUSD. Quite unexpectedly buyers have faced resistance on the four-hours Supertrend line. But, as we see, the counterattack of sellers was successfully repelled. The level (0/8) was held by bulls. Growth with the next target - the intermediate level of resistance (2/8) - is t | Four-hours chart of GBPUSD. The pair continues to consolidate within the narrow range around (2/8). The global trend is downward. However, at the local levels there are prerequisites for growth of the pair. Today we regard growth as the main plan. Its target is the level of support / resistance ( | The four-hours chart of USDJPY . Murrey levels were redrafted and that reduced volatility of the instrument. Yesterday there was quite an unexpected reversal. Nevertheless, nothing critical for bulls has not happened yet. Certainly, a counterattack of bears was successful, but a key support area |
| 21 July | |||
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| 18 July |
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