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 - 2016 | EURUSD | GBPUSD | USDJPY |
| 30 December | The four-hours chart of EUR USD. The pair has bounced off an intermediate level of resistance (2/8). The first target based on the week Supertrend line has not been reached. Therefore, as the main option we consider continuation of the downward movement, and the price will at least reach the near | The four-hours chart of GBP USD. The pair continued to move down. However, the target on the level of (-2/8) has not been reached. We are waiting for break of this level, that will redraft Murray levels and after that we can consider options for further movement. Do not forget that in the oversol | The four-hours chart of USDJPY . The pair bounced upwards from the main level of support (0/8). The rebound was not as strong as we would like it to be, however the level of (0/8) has sustained, so we still consider growth as the main option. The intermediate level resistance (2/8) is its goal. |
| 29 December | |||
| 28 December |
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