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Thomas Murray is a theorist of modern trading who made researches of W. Gann more comprehensible and more applicable in practice. Murrey Levels are efficient in determination of price of almost any financial instrument.

Murray levels analysis

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
02
October

The four-hours chart of EURUSD. The pair continues to stay within horizontal channel (3/8 & ndash; 5/8). As long as there are no serious prerequisites for exit of the price from flat, our main expectation is still a continuation of the price movement within the above-mentioned channel. So, ev

The four-hours chart of GBPUSD. The pair continues to consolidate on the main level of support and resistance (4/8). At the moment, situation is very uncertain, especially if you also take into account the news picture of the day. However, as long as the price is below the four hours Supertrend l

The four-hours chart of USDJPY . The pair is still moving within the horizontal channel with the borders on the main level of support and resistance (4/8) and the day Supertrend line. It is worth to note that amplitude of fluctuations of the price has dropped significantly, which is a signal of t

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