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 |
| 02 June | Four-hours chart of EURUSD. The pair reached resistance area formed by SuperTrend lines plus a strong resistance level (4/8) is just above there. As long as the price does not consolidate above (4/8), talking about a strong corrective pullback and even more so - a reversal - is too early. Therefo | Four-hours chart of GBPUSD. Bears continued to push the pair down. The support level was broken and now the price is testing the next one. This is a quite unpleasant and very disturbing signals to buyers. Drop is the main plan. Bulls need to pull the price to (6/8) to recover their positions. | The four-hours chart of USDJPY. While approaching the critical zone for bulls, bears pressed through the support line (the Dayily SuperTrend line) and continued to push the price down. If buyers do not seize the initiative, all their hopes can be broken to pieces. But, as long as they manage to |
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| 31 May | |||
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