01.10.201902:04 Forex Analysis & Reviews: DAILY - AUD / USD vs USD / CAD vs NZD / USD vs #USDX. Comprehensive analysis of movement options on October 2019. Analysis of APLs & ZUP

Minor operational scale (H4)

What is October preparing for us? A comprehensive analysis of the development of the movement AUD / USD vs USD / CAD vs NZD / USD vs #USDX on October 2019 at the Minor operational scale ( Daily timeframe ).

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US dollar Index

On October 2019, the development of the movement of the dollar index #USDX will be determined by the direction of the breakdown of the range :

• resistance level of 99.46 (local maximum);
• support level of 99.10 (control line UTL Minor operational scale fork).

In case of updating the local maximum 99.46, the upward movement of the dollar index can continue to the goals - control line UTL Minuette (99.65) - warning lines - UWL38.2 (99.85) - UWL61.8 (100.35) - UWL100.0 (101.15) of the Minuette operational scale fork.

On the contrary, if #USDX would be below the reference line UTL (support level of 99.10) Minor operational scale fork, then it will be possible to develop a downward movement of the instrument to the boundaries of the 1/2 Median Line Minuette channel (98.60 - 98.25 - 97.95) with a view to achieving SSL Minor initial line (97.65) and the upper boundary of ISL38.2 (97.35) of the equilibrium zone of the Minuette operational scale fork.

The markup of #USDX movement options on October 2019 is shown in the animated chart.

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Australian dollar vs US dollar

The development of the movement of the Australian dollar AUD / USD on October 2019 will also be determined by the direction of the breakdown of the range :

• resistance level of 0.6760 (initial line SSL Minuette operational scale fork);
• support level of 0.6720 (final Shiff Line Minor operational scale fork).

The breakdown of the final Shiff Line Minor (support level of 0.6720) - continued development of the downward movement of AUD / USD to the boundaries of the 1/2 Median Line Minuette channel (0.6700 - 0.6655 - 0.6610) with the prospect of reaching the boundaries of the equilibrium zone (0.6520 - 0.6440 - 0.6335) of the Minuette operational scale fork.

On the contrary, the breakdown of the resistance level of 0.6760 (the initial SSL line of the Minuette operational scale fork) - an option for the development of the upward movement of the Australian dollar to the targets - the control line UTL Minuette (0.6825) - local maximum 0.6896 - the lower boundary of the ISL38.2 (0.6950) equilibrium zone of the Minor operational scale fork - local maximum 0.7083.

We look at the layout of the AUD / USD movement options on October 2019 in the animated chart.

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New Zealand dollar vs US dollar

However, the development of the movement of the New Zealand dollar NZD / USD on October 2019 will be determined by the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (0.6280 - 0.6205 - 0.6120) of the Minor operational scale fork. We look at the animated chart for details of the movement inside this channel.

The breakdown of the lower boundary of the 1/2 Median Line Minor channel (support level of 0.6120) will direct the movement of NZD / USD to the upper boundary of ISL38.2 (0.5910) of the equilibrium zone of the Minor operational scale fork.

If the New Zealand dollar returns above the upper boundary of the 1/2 Median Line Minor channel (resistance level of 0.6280) and the breakdown of the warning line UWL38.2 (0.6320) of the Minor operational scale fork, it will be possible for the NZD / USD to reach the boundaries of the 1/2 Median Line channel (0.6370 - 0.6420 - 0.6475) and equilibrium zones (0.6495 - 0.6565 - 0.6630) of the Minuette operational scale fork.

We look at the layout of the NZD / USD movement options on October 2019 in the animated chart.

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US dollar vs Canadian dollar

Similarly, the development of the movement of the Canadian dollar USD / CAD on October 2019 will be due to the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (1.3265 - 1.3195 - 1.3125) of the Minor operational scale fork. The movement markings inside this channel are presented in the animated chart.

If the upper boundary of the 1/2 Median Line channel (resistance level of 1.3265) is broken, the upward movement of the Canadian dollar can be continued towards the targets - control line UTL (1.3320) of the Minuette operational scale fork - warning line UWL61.8 Minor (1.3382) - control line UTL Minor (1.3480).

In case of breakdown of the lower boundary of the 1/2 Median Line channel (1.3125) of the Minor operational scale fork, the development of the USD / CAD movement will continue in the 1/2 Median Line Minuette channel (1.3150 - 1.3090 - 1.3040) with the prospect of reaching the upper boundary of ISL38.2 (1.2980) of the Minuette operational scale fork.

We look at the layout of the USD / CAD movement options on October 2019 in the animated chart.

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The review is made without taking into account the news background. Thus, 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:

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

where the power coefficients correspond to the weights of the 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 leads the index to 100 at the start date of the countdown - March 1973, when the main currencies began to be freely quoted relative to each other.