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 |
31 Juli | four-hours' chart of EURUSD. The field support, formed by the Day Supertrend line and the level 1.0986 (2/8) was not able to hold the price. The pair has consolidated under these levels. Therefore, now we can expect a corrective pullback to the area around 1.0986 price (2/8) and resumption of a | The four-hours' chart of GBPUSD. So far, no significant changes. The pair continues to move within the horizontal channel with boundaries 1.5503 (8.3) and 1.5747 (5/8). Continuation of price movement within the channel remains to be the primary plan. At the same time, taking into account duratio | The four-hours' chart of USDJPY . The pair made another attempt to pass the level (7/8), but as we have seen, it has been unsuccessful so far. Thus, decline of the pair targeting the main level of support and resistance (4/8) remains to be the core pllan for the price. This option will be even m |
30 Juli | |||
29 Juli | |||
28 Juli | |||
27 Juli |