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 |
| 29 May | 4 hours’ chart of EURUSD. As we expected, in the result of a correctional bounce the pair has broken4 hours’ Super trend line from bottom to top. Pace of decline has been lost, so this line won't work for sime time. As for a correctional bounce, it is not over yet. We are waiting when the price re | 4 hours’ chart of GBPUSD. Within the last 24 hours, the chart has not shown any notable changes. The pair os still dropping. I remind that, following to a breakthrough and consolidation of the price below the level (6/8), we consider main support and resistance level (4/8)as the next target for de | 4 hours’ chart of USDJPY. Following to a bounce from the reversal level (7/8), the pair is consolidating a little above the point (6/8). As we pointed out in our previous review, only if the pair manages to consolidate below 4 hours’ Super trend line, the price may reverse. Until the pair is above |
| 28 May | |||
| 26 May |
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