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 |
| 19 June | 4 hours’ chart of EURUSD. As we expected, the price has left a horizontal channel (3/8 – 5/8) through breaking its upper border. However, so far it has not managed to consolidate above it. Main scenario remains the same: we are waiting growth to the point (6/8). 4 hours' Supertrend line can be used | 4 hours’ chart of GBPUSD. The target on the level (+2/8) has been reached and as a result, we see that Murrey levels are redrafted. At present moment, we see an attempt of the pait to consolidate above the level (6/8). Realization of this attempt will open a way for a further growth of the pair wi | 4 hours’ chart of USDJPY. Within the last 24 hours, no significant changes took place. In this regard, our expectations remain unchanges. A primary scenario is decline. Target is still based on the main level of support and resistance (4/8). This option will be disabled by consolidation of the pri |
| 16 June | |||
| 15 June |
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