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.
The four-hours chart EURUSD. Pair has reached the main support/resistance level (4/8), but it couldn’t consolidate above the level. Sellers have taken initiative and pull price down. There is no precondition for price upwards pullback from the current levels so as a priority we consider possi
The four-hours chart GBPUSD. As we expected pair tried to go through intermediate resistance level (2/8), but this effort wasn’t succeed. The main possibility is the script with price decrease and retests the main support level 1.2939 (0/8). This possibility would be canceled if price breaks
The four-hours chart USDJPY. As we expect pair is correcting. The nearest aim for correction upwards pullback on the four-hours Supertrend line has been reached. Now we are waiting for decrease pullback from this level. But in the whole potential for deep correction upwards pullback is remain. As a