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 |
| 25 September | The four-hours chart of EURUSD. As we noted in the previous review, there are two options for further development, and they direct depend on results of testing of the level (4/8). As you can see, as a result, the price broke through the first level from the bottom to the top, and then easily retur | The four-hours chart of GBPUSD. As a result of the correction, the pair failed even to reach the four-hours SuperTrend line. I.e., pressure on the pair remains to be very strong. Therefore, the main option is lowering of the price to the main support / resistance level (4/8). Trade solutions: | The four-hours chart of USDJPY . The pair is still moving within the borders of horizontal channel with boundaries as the main support level of resistance (4/8) and the SuperTrend Day line. Continuation of the price movement in a horizontal channel remains to be the main option. So far, we have |
| 24 September | |||
| 23 September | |||
| 22 September | |||
| 21 September |
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