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 |
24 April | Decline of the price within horizontal channel (3/8 – 5/8) is considered by us as the main configuration.4 hours’ chart EURUSD. At present moment, the pair is making an attempt to get of horizontal channel (3/8 – 5/8). An upper boundary of channel was broken, but it is too early to talk about the p | 4 hours’ chart of GBPUSD. The pair has bounced from the reversal level (7/8) a lot. However, we still have not received a confirmation of reversal of price. The reason is that the pair was not able to get consolidated below the 4 hours’ Supertrend. On the wrong way round, the pair has bounced from | The main configuration remains the same, we expect the price on the point (4/8). 4 hours’ chart of USDJPY. Having failed to reach its target - support and resistance level (4/8 - the pair has moved down for quite many points. Nevertheless, growth of the pair is our main expectation: the pair i |
23 April | |||
22 April |