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 |
| 03 July | 4 hours’ chart of EURUSD. No significant changes have been noticed on the chart for the last 24 hours. From the local point of view, there is a correctional upward movement. However, the main scenario considered by us is still decline of the price with the nearest target based on the level (2/8). | 4 hours’ chart of GBPUSD. The pair is still consolidating in a very narrow range just a little under the main level of support and resistance (4/8). 4 hours’ Supertrend line (4/8) performs as an additional resistance for the pair. The point (2/8) is still working as the nearest target for decline. | 4 hours’ chart of USDJPY. The pair failed to consolidate above the level (6/8) from the first attempt. Now we witness a local correctional roll down of the price. Nevertheless, The main scenario considered by us is still growth of the price. To confirm this plan, the price needs to consolidate ab |
| 02 July | |||
| 01 July | |||
| 29 June |
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