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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
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The four-hours chart of EUR USD. The pair failed to consolidate above the level (8/8), and jumped down. Currently the pair is at the intermediate level of support (6/8), which can provide good support for the pair in its correctional movement. Therefore, the main option is the rebound of the price

The four-hours chart of GBP USD. The price had jumped down from the level (6/8). As you can see, the fourhours SuperTrend line continues to support the pair that indicates the possibility of continuation of the upward movement. Therefore, the main option for today is retest of the fourhours SuperTr

The four-hours chart of USD JPY . The pair broke the level (0/8), but failed to gain a foothold in the oversoldness zone, which supports all of its area. At the moment, the price is approaching to the four-hours SuperTrend Line, from where it can rebound down targeting the level of (0/8), retest o

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