06.04.202018:26 Forex Analysis & Reviews: Comprehensive analysis of movement options of #USDX vs EUR/USD vs GBP/USD vs USD/JPY (H4) on April 7, 2020. APLs & ZUP analysis

Minuette operational scale (H4)

Second week of April - where are we going? The development of the movement of major currency instruments #USDX vs EUR/USD vs GBP/USD vs USD/JPY from April 7, 2020 in a comprehensive form.

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US Dollar Index

The movement of the dollar index #USDX from April 7, 2020, will be due to the development and direction of the breakdown of the range:

• resistance level of 100.75 - the initial line of the SSL fork operating scale Minuette (h1);
• support level of 100.25 - the lower border of the 1/2 Median Line channel of the Minuette operational scale forks (h4).

The breakdown of the support level of 100.25 and the lower boundary of the channel 1/2 Median Line Minute is an option for the development of the downward movement of the dollar index to the borders of the channel 1/2 Median Line (99.35 - 98.85 - 98.45) and the equilibrium zone (98.85-98.05-97.40) of the operational scale Minuette.

If the resistance level of 100.75 is broken on the initial FSL line of the Minuette operating scale forks, the continuation of the upward movement #USDX towards the goals will become relevant:

• 1/2 Median Line Minute (101.00);
• upper limit of the channel 1/2 Median Line Minute (102.00);
• SSL start line (102.20) for operating scale forks Minute; with the prospect of reaching a maximum of 102.89.

Details of the dollar index movement markup from April 7, 2020, are shown in the animated chart.

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Euro vs US Dollar

From April 7, 2020, the development of the movement of the single European currency EUR/USD will continue, depending on the development and direction of the breakdown of the range:

• resistance level of 1.0810 - the initial line of the SSL fork operating scale Minute (h1);
• support level of 1.0773 - the LTL control line of the operating scale fork Minute (h1).

Breakout ISL61. 8 Minute - resistance level 1.0810 - the development of the upward movement of the single European currency will be directed to the borders of the channels 1/2 Median Line in the operating scale - Minute (1.0870-1.0960-1.1055) and Minuette (1.0960-1.2020-1.2070).

Breakdown of the LTL control line of the Minuette operating scale fork - support level of 1.0773 - a continuation of the downward movement of EUR/USD to the minimum of 1.0636 with the prospect of reaching the LTL control line (1.0565) of the Minute operating scale fork.

Details of the EUR/USD movement options are shown on the animated chart.

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Great Britain Pound vs US Dollar

Her Majesty's currency GBP/USD from April 7, 2020, will continue to develop movement in the 1/2 Median Line channel (1.2070-1.2290-1.2484) fork operating scale Minute (h4), depending on the direction of the range breakdown:

• resistance level of 1.2290 at 1/2 Median Line of operating scale forks Minute (h4);
• the support level of 1.2240 on the UTL control line of the Minuette operating scale fork (h1).

Details are shown on the animated chart.

If the upper limit of 1/2 Median Line Minute is broken - the resistance level of 1.2484, the movement of Her Majesty's currency will occur in the equilibrium zone (1.2385-1.2675-1.2965) of the forks of the operational Minute scale.

Breakdown of the support level of 1.2070 at the lower border of the 1/2 Median Line channel in the operating scale Minute - the continuation of the downward movement of GBP/USD to the initial SSL Minuette line (1.1870) and the borders of the 1/2 Median Line channel (1.1675-1.1500-1.1320) of the operational scale Minuette.

Details of the movement of GBP/USD can be seen on the chart.

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US Dollar vs Japanese Yen

The currency of the "Land of the Rising Sun" USD/JPY from April 7, 2020, will continue to develop its movement depending on the development and direction of the breakdown of the range:

• resistance level of 109.00 on the initial line of the SSL fork operating scale Minute (h4);
• support level 108.10 on the initial SSL line of the Minuette operating scale fork (h1).

When sharing the breakdown of the initial SSL (support 108.10) and control LTL (107.70) lines fork operational scale Minuette, and with the subsequent breakout of the level of 107.40 will be possible, the movement of the currency of the "Land of the Rising Sun" in the channel 1/2 Median Line (107.40 - 106.20 - 104.90) pitchfork operational scale Minute.

Breakout of the initial line of the SSL fork of the operational scale Minute - the resistance level of 109.00 - the continuation of the upward movement of USD/JPY to the borders of the channel 1/2 Median Line (110.40-111.20-112.00) and equilibrium zones (111.60-112.75-113.85) of the forks of the operational scale Minuette.

Details of the USD/JPY movement are shown on the animated.

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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 sterling - 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.