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.
2016 | EURUSD | GBPUSD | USDJPY |
12 Februari | The four-hours chart EURUSD. Aim on (+2/8) level has been achieved. As a result, we can see Murrey levels redrafting. Now price has bounced down off the (5/8) level. This level could have an influence on the price if it is side movement into the channel (3/8 – 5/8). There are all prerequisites for | The four-hours chart GBPUSD. The pair is testing level (2/8) on strength again. The price has bounced upwards off this level but it could not consolidate above the four-hours Supertrend line. As a main possibility, we are expecting pair decrease to the main support level (0/8). This possibility | The four-hours chart USDJPY. Level (0/8) couldn’t hold pair and it continued decreasing. Pair has stopped on (-1/8) level. A rising correction is developing from this level now. According to the volatility on this pair correction movement wouldn’t stop on (0/8) level. We are expecting stronger pul |
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