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 |
14 Agustus | 4 hours’ chart of EURUSD. The pair bounced up from the support area formed by level (6/8), and the line of 4-hours Supertrend. At the moment, we can expect even a small growth to the week Supertrend line and the continuation of the descending movement with the target at the main support/resistance | The level redrawing has happened. 4 hours’ chart of GBPUSD. The volatility change leaded to the Murrey’s levels redrawing. But our expectations stay the same. At the moment the pair is a bit lower the main resistance level (8/8) and the main scenario is considered by us is decline. The first targe | 4 hours’ chart of USDJPY. The daily Supertrend line managed to keep the pair from the further decline. At the moment we wait for the price growth to the main resistance level (8/8), the further price direction will be depended on its testing results. If we see the pullback down again, we will go t |
13 Agustus | |||
12 Agustus | |||
11 Agustus | |||
10 Agustus |