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 |
15 Tháng Năm | 4 hours’ chart of USDJPY. The pair has settled above (5/8) level and it means the end of movement in horizontal channel (3/8 – 5/8). There was a small move with flat, so out of it can not be considered as a predictor signal. However, we are considering a priority option with increasing pair. You s | 4 hours’ chart of GBPUSD. There was no any big changes at the chart for last day. The pair is situated at the overbought area, which is a strong resistance level, and it is difficult for the pair to go upward. Nevertheless, while serious preconditions for a price reversal down there, so as a prior | 4 hours’ chart of USDJPY. This pair was not able to break support of weekly line of SuperTrend and there was an upward reversal of price. However, the pair is located below the intermediate resistance level of (2/8), from which you can expect the new reduction wave. So, the main scenario is declin |
14 Tháng Năm | |||
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12 Tháng Năm |