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 |
11 September | The four-hours chart of EURUSD. The pair continues to move within the horizontal channel (3/8 - 5/8). Currently, we have witntessed a rebound from the bottom of the price channel. So now are waiting the price near the upper border of the channel, whereupon it would be followed by a downward rebo | Price moves to the mark (7/8) The four-hours chart of GBPUSD. The pair has broken the resistance area formed by the weekly and daily Supertrend lines and the level (6/8). At the moment, it is worth paying attention to the level of 1.5503 (7/8). Stop at this reversal level would be a good signal fo | The four-hours chart of USDJPY . The pair is consolidating near the Supertrend Day line. Earlier on this line a local corrective pullback down has already occurred, so now we're waiting for breakdown of the resistance level and growth of the pair to the level (6/8), which in turn can lead to a |
10 September | |||
09 September | |||
08 September | |||
07 September |