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 |
27 October | The four-hours chart of EUR USD. The pair continues to consolidate on the fourhours SuperTrend line. Since we have not seen the downward rebound, a pullback to the line (8/8) is no longer considered by us as the major expectation. Probably now we can expect the break of the fourhours SuperTrend lin | The four-hours chart of GBPUSD. The pair is consolidating just below the fourhours SuperTrend Line, having previously bounced from the main support and resistance level (4/8). Therefore, drop of the price is considered by us to be the main expectation. The goal is the mark (2/8). Therefore, the opt | The four-hours chart of USDJPY . Fourhours SuperTrend Line could not hold the pair and was forced down from the top to the bottom. Now we are waiting the price on the main support and resistance level 120.31 (4/8). From this level we can expect beginning of a new upward wave with a view on the mai |
26 October |