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 |
18 Marcha | Bears were not able to keep the price at the top support and resistance level (4/8). This level has been broken, thus bulls have discovered a new target - the level (6/8). Therefore, the major option for the near future is growth of the pair. The nearest level of support is the four-hours SuperTren | The four-hours chart of GBPUSD. The flat scenario has failed. Bears were unable to hold attack of bulls at the level of (5/8). The pair surged and now the price is above the level (6/8). Now the way is open for the next target on the main level of resistance (8/8). As for the options implying resu | The four-hours chart of USD JPY . The pair has entered the oversoldness zone, thus bears fully established their dominance. Now the pair is testing the strength level (-1/8), which is the last barrier protecting bulls, but I do not think that they can sustain again. After a slight upward pullback |
17 Marcha | |||
16 Marcha | |||
15 Marcha | |||
14 Marcha |