Minuette operational scale (Daily time frame)
What awaits us in the last ten days of this month? Development options for the movement of major currency instruments #USDX vs EUR/USD, GBP/USD, and USD/JPY (Daily) on April 23, 2020.
____________________
US dollar index
From April 23, 2020, the movement of the dollar index #USDX will continue to develop within the boundaries of the 1/2 Median Line channel (98.65-99.65-100.50) of the Minuette operational scale fork - details of working out the above levels are shown on the animated chart.
If the lower border of the channel is broken 1/2 Median Line Minuette - support level of 98.65 - the development of the #USDX movement will be directed to the goals:
In case of breakdown of the upper boundary of the channel 1/2 Median Line of the Minuette operational scale fork - resistance level of 100.50 - an option for the development of the upward movement of the dollar index to targets:
The layout of the #USDX movement options from April 23, 2020 is shown on the animated chart.
____________________
Euro vs US dollar
From April 23, 2020, the single European currency EUR/USD will continue to develop its movement within the 1/2 Median Line channel (1.0790-1.0890-1.0980) of the Minuette operational scale fork - details are shown on the animated chart.
If the resistance level of 1.0980 is broken down at the upper boundary of the 1/2 Median Line Minute channel, the development of the upward movement of EUR/USD can continue to the SSL start line (1.1080) and the final Shiff Line (1.1260) of the Minuette operational scale fork.
In case of breakdown of the lower boundary of the channel 1/2 Median Line of the Minuette operational scale fork - support level of 1.0790 - the downward movement of the single European currency will be directed to the goals:
The EUR/USD movement options from April 23, 2020, depending on the development of the channel 1/2ML Minute, are shown on the animated chart.
____________________
Great Britain pound vs US dollar
The development of Her Majesty's currency movement GBP/USD from April 23, 2020 will be determined by working out the boundaries of the 1/2 Median Line channel (1.2020-1.2240-1.2460) of the Minuette operational scale forks - details of the movement markings in this channel are shown in the animated chart.
The breakdown of the upper boundary of the channel 1/2 Median Line Minute - resistance level of 1.2460 - will confirm the further development of Her Majesty's currency movement in the equilibrium zone (1.2460-1.2750-1.3050) of the Minuette operational scale forks.
If there will be a breakdown of the lower boundary of the channel 1/2 Median Line of the Minuette operational scale forks - support level of 1.2020 - then the downward movement of GBP/USD can be directed to the targets:
Starting April 23, 2020, we look at the GBP/USD movement options on the animated chart.
____________________
US dollar vs Japenese yen
The development and direction of the breakdown of the boundaries of the equilibrium zone (106.50-107.35 - 108.75) of the Minuette operational scale forks will begin to determine the development of the currency movement of the "Land of the Rising Sun" USD/JPY from April 23, 2020 - details of the development of the above levels are presented in the animated chart.
In case of breakdown of the lower border of the ISL61.8 equilibrium zone of the Minuette operational scale forks - support level of 106.05 - together with the breakdown 1/2 of the Median Line Minute (105.70) will become relevant to continue the development of the downward movement of the currency of the "Land of the Rising Sun" can be continued to the goals:
In case of breakdown of the upper limit of ISL38.2 equilibrium zone of the Minuette operational scale forks - resistance level of 108.75 - the upward movement of USD/JPY will be directed to the targets:
The markup of #USDX motion options since April 23, 2020 is shown on the animated chart.
____________________
The review is compiled without taking into account the news background, the opening of trading sessions of the main financial centers, and is not a guide to action (placing "sell" or "buy" orders).
Formula for calculating the dollar index:
USDX = 50.14348112 * USDEUR0.576 * USDJPY0.136 * USDGBP0.119 * USDCAD0.091 * USDSEK0.042 * USDCHF0. 036.
Where the power coefficients correspond to the weights of currencies in the basket:
Euro - 57.6 %;
Yen - 13.6 %;
Pound - 11.9 %;
Canadian dollar - 9.1 %;
Swedish Krona - 4.2 %;
Swiss franc - 3.6 %.
The first coefficient in the formula brings the index value to 100 on the starting date - March 1973, when the main currencies began to be freely quoted relative to each other.
*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
