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 |
| 20 May | Four-hours chart of EURUSD. The pair gained a foothold in oversoldness area. Support is at the SuperTrend week line. Perhaps, this week this level will hold the price from a deeper decline. But in the long term bulls are unlikely to hold the price. At the local level bulls have a chance to run an | Four-hours chart of GBPUSD. Bulls continue to control the situation fully. Attempting to lift the price, they met resistance at 1.4648 (8/8). The rebound from this level turned out not as strong. So far, bulls manage to hold the price above the level of local support. Therefore, growth of the | The four-hours chart of USDJPY . Bears are resisting, but bulls also do not lose positions. The chart gives the local priority to buyers. So, growth of the pair is the main option. The nearest goal is the level (6/8). There are slight chances for resumption of downward movement. To start, bears n |
| 19 May | |||
| 18 May | |||
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| 16 May |
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