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 |
04 Desember | The four-hour chart of EUR USD. Just before reaching the level (-2/8), the pair shot up. Currently the pair stopped at the level of (2/8), which will not be able to restrain the strong trend movement for a long time. Therefore, we regard correction to the four-hours SuperTrend line as the main opti | The four-hours chart of GBP USD. From the level (2/8) the pair rose to the main support and resistance level (4/8). This is the strongest level in the system, which does not go so easy. Therefore, from the current position we expect correction to the line four-hours' SuperTrend Line whicl will be f | The four-hours chart of USD JPY. Volatility of the instrument has fallen significantly in recent years. As a result, we see levels Murray redrafted. The pair is currently testing the level of (6/8). Meanwhile the pair fails to consolidate below this level, so growth of the pair to the level (8/8) |
03 Desember |