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 |
| 16 July | 4 hours’ chart of EURUSD. Following to a durable consolidation, the pair has forced the main level of support (0/8) down. Now this level performs as resistance which does not let the price to leave oversoldness area. This area allows for frequent correctional upward pullbacks. It also can provide | 4 hours’ chart of GBPUSD. The pair had been consolidating on the main level of support and resistance (4/8). This disregard of the strongest level in system is only enabled by a movement of the price within the horizontal channel (3/8 – 5/8). Despite we have no proof of an emerging flat, this ve | 4 hours’ chart of USDJPY. Nevertheless, the pair has broken the level (6/8), having opened a way for a further growth. This time the target is represented by the main level of support and resistance 125.00 (8/8). Dynamic support is still represented by the 4 hours’ Supertrend line. This option w |
| 14 July | |||
| 13 July |
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