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.
2016 | EURUSD | GBPUSD | USDJPY |
29 7月 | Four-hours chart of EURUSD. The goal on the intermediate level of resistance (2/8) has been reached. It is not the strongest level of the system, but it has the power to reverse correctional movement. Moreover, the first proof of a rebound from this level has already been received. Therefore, tod | Four-hours chart of GBPUSD. Over the past day, no fundamental changes took place in the chart. The price continues to consolidate in a narrow range around (2/8). The main option is continuation of flat. Now decline to the bottom of the flat is most likely. As long as the price stays within the ho | The four-hours chart of USDJPY. The goal at the top level of support / resistance (4/8) has been reached. It is the strongest level in the system, so crossing it on the first try is unlikely. An upward rollback and another attack of this level are most likely. In this case, if bears manage to pu |
28 7月 | |||
27 7月 | |||
26 7月 | |||
25 7月 |