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 |
06 Januari | The four-hours chart of EUR USD. As we expected the pair continued downward movement. At the moment, the price has reached its target on the main support level (0/8). An attempt to break it immediately has failed. However, so far we have not seen a strong upward pullback of the price. Therefore, it | The four-hours chart of GBP USD. The pair continues to decline and reached the first target located on the main level of support (0/8). So far, we have not seen rebound from this mark, which is a signal of a possible breakdown of the level from top to bottom. In this case, we waiting for a further | The four-hours chart of USD JPY . From four-hours line of SuperTrend the pair has resumed the downward movement. The price has broken through the main support level (0/8), and entered the oversoldness zone. If it manages to gain a foothold below in this area, in the near future we expect a furthe |
05 Januari | |||
04 Januari |