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.
Four-hours chart EURUSD. The pair continued upward movement. As a result, the level (+2/8) was broken, which led to redrafting of Murrey levels. Currently the pair is standing at 1.1353 (6/8). This level has an average significance, but we may expect a corrective downward rollback from it. As usual
Four-hours chart of GBPUSD. After a brief consolidation, the pair has broken the intermediate resistance level (2/8), and continued the upward movement. Now the pair is on the main level of support and resistance. It is the strongest level in the system, which is not always easy to pass on the fir
The four-hours chart of USDJPY . The pair continues to consolidate on the main support level (0/8). As long as this level is not broken, the main option is a corrective growth of the pair. The goal for correction is the intermediate resistance level (2/8). The downward movement will be relevan