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 |
09 October | The four-hours chart of EUR USD. The pair broke the level (5/8), but the target level (6/8) was not reached. However, priority is still given to the upward movement and waiting for hitting the goal, which was not reached yesterday - the level (6/8). This option will be cancelled by the event of | The four-hours chart of GBPUSD. Target level (6/8) has been achieved, but changes in volatility made Murrey levels redrafted and the level (6/8) has turned into (4/8). The price has already rebounded from this level to a significant extent, and as we see, the price has come back to this level, it | The four-hours chart of USDJPY . Here, everything remains unchanged. Wide flat with the borders on the Day SuperTrend line and main support level (0/8). Continuation of the price consolidation within the above-specified channel is still regarded by us as the core expectation. Trading solutions |
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07 October | |||
06 October | |||
05 October |