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 Desember | The four-hours chart of EURUSD. Having bounced off the resistance level (2/8), the pair continued to move down. It had stopped on the first level of support which is represented by the Weekly Supertrend line. But it is worth noting that this is not the strongest level in system, so in the near f | The four-hours chart of GBP USD. Correction is developing from the level (-1/8). The price has already reached the first and a very strong resistance level - (0/8) - which hinders exit of the price from the oversoldness zone, in which it is based now. As long as this mark is not broken, our prima | The four-hours chart of USDJPY . Reversal has failed. With the second attempt the price easily broke through the level (1/8), thereby abolishing the scenario of its growth to the main support and resistance level (4/8). Now the main option is lowering to the main support level (0/8), and a subse |
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21 Desember |