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Thomas Murray is a theorist of modern trading who made researches of W. Gann more comprehensible and more applicable in practice. Murrey Levels are efficient in determination of price of almost any financial instrument.

Murray levels analysis

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
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June

4 hours’ chart of EURUSD. The pair is still remaining in a horizontal channel (3/8 – 5/8), but pressure on the upper border is getting stronger and probability of breaking of this level is increasing. In this case, the next target for growth of the pair will be 1.1475 (6/8). Another option is cont

4 hours’ chart of GBPUSD. Having breaking the point (6/8), the pair continued to move up. At present, the pair has faced resistance on the level of daily Supertrend line, from which it is being corrected now. The nearest support, from which the pair can renew its upward movement, 4 hours' Supertr

4 hours’ chart ofUSDJPY. Following to a rather strong decline, the pair is going through correction. The nearest target for correction is the part between 4 hours' Supertrend line and the level (6/8). We can expect that the price will fall from this level with the target based on the main level of

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