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 June | 4 hours’ chart of EURUSD. The pair is still based in a horizontal channel (3/8 – 5/8). Continuation of the flat movement remains to be the main scenario which will be cancelled by break and consolidation of price on one of the borders of the channel. At present, the most probable is a breakthrough | 4 hours’ chart of GBPUSD. Ascending correction even was not able to reach the level (6/8). Now the pair has confidently consolidated below the 4 hours’ supertrend line and descending movement prevails. The nearest target is based on the main level of support and resistance (4/8). This scenario wil | 4 hours’ chart ofUSDJPY. For the second time, the pair has bounced from reversal level 1.2422 (7/8). Usually, if the price reverses from this point,The nearest target is based on the main level of support and resistance 1.2188 (4/8). This scenario will be cancelled by a break and consolidation of |
| 24 June | |||
| 22 June |
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