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 |
| 23 June | Four-hours chart of EURUSD. Bulls managed to hold the price above the main support and resistance level (4/8), and even to counterattack to win back positions lost the previous day. Currently the pair is proof-testing (6/8) again, and bulls have a very good chance to cross this level. If they cr | Four-hours chart of GBPUSD. Bulls managed to hold the price in the overboughtness area and continue the upward movement. The upper border of the overboughtness area (+2/8) is very close. Probability of reaching this level is very high. But the medium-term direction will be clear only after crossi | The four-hours chart of USDJPY . The pair has stuck in a fairly narrow flat with the upper border (3/8). Meanwhile bulls are unable to cross this level to open new targets for a corrective growth. Today a downward movement targeting (2/8) is the prior option. Its breakdown will bring the price t |
| 22 June | |||
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| 20 June |
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