09.07.201903:44 Forex Analysis & Reviews: #USDX vs EUR / USD h4 vs GBP / USD h4. A comprehensive analysis of movement options from July 9, 2019. Analysis of APLs & ZUP

#USDX vs EUR / USD h4 vs GBP / USD H4 are in uncertainty, i.e. are within their equilibrium zones, respectively, the further development of the movement of the mentioned instruments from July 9, 2019 will be determined by the direction of the breakdown of these zones. A comprehensive analysis is made below.

Minuette operating scale (H4)

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The US dollar Index

From July 09, 2019, the dollar index #USDX will continue to develop its movement depending on the development and direction of the breakdown of the boundaries of the equilibrium zone (97.50 - 97.25 - 97.00) of the Minuette operational scale. The options for this movement are shown in the animation graph.

The breakdown of the support level of 97.00 (lower boundary of the ISL38.2 equilibrium zone of the Minuette operational scale fork) — a variant of the development of the downward movement of the dollar index to the targets — lower boundary ISL38.2 (96.90) Minuette operational scale fork — 1/2 Median Line channel Minuette (96.48 - 96.28 - 96.08).

In the case of the breakdown of the upper boundary of ISL61.8 (resistance level of 97.50) of the Minuette operating scale, it will be possible to continue the upward movement of #USDX to the local maximum of 97.77 with the prospect of reaching the final FSL Minuette line (98.30).

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Euro vs US Dollar

From July 9, 2019, the movement of the single European currency EUR / USD will also be due to the development and direction of the breakdown of the equilibrium zone (1.1258 - 1.1230 - 1.1200) of the Minuette operational scale. Look at the animation chart for the details of this movement.

The breakdown of the upper boundary of the ISL38.2 (resistance level of 1.1258) of the equilibrium zone of the Minuette operational scale fork will make current development of the movement of the single European currency to the upper boundary of the ISL38.2 (1.1290) equilibrium zone of the Minuette operational scale fork, and during the breakdown, it can be continued to the boundaries of the 1/2 Median Line channel Minuette (1.1315 - 1.1345 - 1.1370).

In the case of the breakdown of the lower boundary of ISL61.8 (support level of 1.1200) of the equilibrium zone of the Minuette operational scale fork, the downward movement of EUR / USD will continue to the final FSL Minuette line (1.1107).

The details of the EUR / USD movement options are shown in the animated graphic.

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Great Britain Pound vs US Dollar

Her Majesty's currency GBP / USD continues to remain in the equilibrium zone (1.2535 - 1.2495 - 1.2450) of the Minuette operating scale, and accordingly, as further, from July 9, 2019, the movement of this currency instrument will develop and will be determined by the direction of the breakdown of the levels above. Options are shown in the animated graphic.

The breakdown of the upper boundary of ISL38.2 (resistance level of 1.2535) of the equilibrium zone of the Minuette operational scale fork will determine that further upward movement of Her Majesty's currency which will continue to the initial SSL line (1.2560) of the Minuette operational scale, and during the breakdown thereof, it will move further to the boundaries of the 1 / 2 Median Line channel Minuette (1.2635 - 1.2665 - 1.2700).

The breakdown of the lower boundary of ISL61.8 (support level of 1.2450) of the equilibrium zone of the Minuette operational scale fork will make it relevant to continue the development of the downward movement of GBP / USD to the targets - 1/2 Median Line Minuette (1.2435) - the lower boundary of the 1/2 Median Line channel Minuette (1.2385) - warning line LWL61.8 (1.2370) of the Minuette operating scale fork.

The details of the GBP / USD movement are presented in the animated graphic.

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The review was compiled without taking into account of the news background. The opening of trading sessions of the main financial centers does not serve as a guide to action (placing orders "sell" or "buy").

The formula for calculating the dollar index is

USDX = 50.14348112 * USDEUR0.576 * USDJPY0.136 * USDGBP0.119 * USDCAD0.091 * USDSEK0.042 * USDCHF0.036.

where power ratios correspond to the weights of currencies in the basket:

Euro - 57.6% ;

Yen - 13.6%;

Pound sterling - 11.9% ;

Canadian dollar - 9.1%;

Swedish krona - 4.2%;

Swiss franc - 3.6%.

The first coefficient in the formula gives the index value to 100 on the starting date - March 1973, when the main currencies began to be freely quoted relative to each other.