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 of EURUSD. A little space remained for the price to reach support area formed the main support/ resistance level (4/8) and SuperTrend Daily line, but it has bounced up. So far, it fails to cross resistance - four-hours Supertrend line. The most probable option is resumption of the
Four-hours chart of GBPUSD. Buyers failed to go on with their winning march. The pair pulled back down to support level (4/8). But, despite its inability to be held above this level, we have not seen a significant upward rebound from this level. Therefore, the main option for today is drop, its
The four-hours chart of USDJPY . The pair continues to move within the flat, formed just above the main support level (0/8). Since the pair is held above the level of (0/8), the primary option is still growth. The goal is the intermediate level of resistance (2/8). This option would be canceled by