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 |
21 Agustus | The four-hours' chart of EURUSD. The pair has not only reached the nearest objective on the week SuperTrend line, but it also easily broke through it at the same time entering into the overboughtness zone. Currently the pair is testing the level (+ 1/8). This low level has no effect on the price | The four-hours' chart of GBPUSD. The pair is still in the overboughtness zone. Its attempt to get out of it ended badly. The level (8/8) is holding the pair in its field. Therefore, our priority expectation remains to be growth of the pair. Its the target would be the level (+2/8), after crossing w | The four-hours' chart of USDJPY . The pair has not only reached the target on the intermediate level of support (6/8), and following to a brief consolidation it has forced this mark from the top to bottom. At the moment, we can expect a corrective upward retracement of prices to the mark (6/8) a |
20 Agustus | |||
19 Agustus | |||
18 Agustus | |||
17 Agustus |