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 |
| 24 July | The pair continues to consolidate in the field of resistance 4 hours’ chart of EURUSD. The pair is consolidating in the resistance line formed by Day Supertrend line and the intermediate resistance level (2/8). As the main option, we still expect reduction of the price to the main support le | 4 hours’ chart of GBPUSD. The pair is trying to leave the horizontal channel (3/8 - 5/8) in which it had been consolidating in recent time. Staying within the channel was not very durable, so the level of (2/8) is still considered as the target for decline. This option will be canceled if the | 4 hours’ chart of USDJPY . The pair continues to consolidate between the level (6/8) and the point (7/8). As the main option, we still expect movement of the pair to the top level of resistance (8/8). Alternatively, we consider the plan, according the paid will drop to to the main support |
| 23 July | |||
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