11.04.202015:25 Forex-elemzések és áttekintések: Comprehensive analysis of movement options for #USDX vs EUR/USD vs GBP/USD vs USD/JPY (H4) on April 13, 2020

Minuette operational scale (H4)

What will Monday (April 13) bring us? Options for the development of the movement of major currency instruments: #USDX vs EUR/USD vs GBP/USD vs USD/JPY in a complex form.

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US dollar index

From Monday, April 13, 2020, the development of the movement of the dollar index #USDX will be determined by the development and direction of the breakdown of the range:

• resistance level is 100.00 on the UTL control line of the Minuette operating scale forks;
• support level of 99.15 - the initial SSL line of the Minuette operating scale forks

The breakdown of the initial line SSL of the Minuette operating scale forks - the support level of 99.15 - the movement of the dollar index may continue to the boundaries of the channel 1/2 Median Line Minuette (98.60-98.15-97.70) and zones of equilibrium of the Minuette operating scale forks (98.60-97.50-96.35) and Minuette (96.90-96.35-95.60).

If a breakdown of the control line UTL of the Minuette operating scale forks takes place - resistance level of 100.00 - then the resumption of the upward movement of the #USDX to the borders of the channel 1/2 Median Line (100.90-101.85-102.75) of the Minuette operating scale forks will be possible.

Details of the dollar index movement markup from April 13, 2020 are shown in the animated chart.

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Euro vs US dollar

From April 13, 2020, the single European currency EUR/USD, with a sufficient probability, will continue to develop a movement within the 1/2 Median Line channel (1.0840-1.0940-1.1025) of the Minuette operating scale forks - we look at the mark-up for working out the indicated levels on the animated chart.

Break of the upper border of the channel 1/2 Median Line fork of the Minuette operating scale forks - resistance level of 1.1025 will determine the further development of the movement of a single European currency already in the channel 1/2 Median Line (1.1025-1.1075-1.1130) of the Minuette operating scale forks.

If the support level of 1.0840 on the lower border of the channel 1/2 Median Line of the Minuette operating scale forks - version of the downward movement on the EUR/USD to targets:

• local minimum 1.0773;
• warning line LWL38. 2 (1.0710) of the Minuette operating scale forks

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 13, 2020 will continue to develop its movement depending on the development and direction of the breakdown of the range:

• resistance level of 1.2485 - upper limit of the channel 1/2 Median Line Minute;
• support level of 1.2407 - lower bound of ISL38.2 equilibrium zone of the Minuette operating scale forks

In case of breakdown of the resistance level of 1.2485 - the upper limit of the channel 1/2 Median Line Minute - the development of the movement of the currency of Her Majesty will be directed to the goals:

• initial line SSL Minuette (1.2560);
• channel 1/2 Median Line Minuette (1.2690-1.2790-1.2880);

With the prospect of reaching the equilibrium zone (1.2985-1.3130-1.3280) of the Minuette operating scale forks.

In the case of breaking the lower border ISL38.2 zone equilibrium of the Minuette operating scale forks - the support level of 1.2407 - it is confirmed that further development of the movement of GBP/USD will begin to flow in the channel borders 1/2 Median Line (1.2485-1.2270-1.2055) of the Minuette operating scale forks.

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

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US dollar vs Japanese yen

The direction of the breakout of the range:

• resistance level of 109.10 - control line LTL of the Minuette operating scale forks;
• support level 108.22 - local minimum

And it will determine the further development of the movement of the "Land of the Rising Sun" currency USD/JPY from April 13, 2020.

Updating the local minimum - breakdown of the support level of 108.22 - continuation of the downward movement of the currency of the "Land of the Rising Sun" to the borders of the channel 1/2 Median Line (107.30-106.00-104.80) of the Minuette operating scale forks.

When the LTL control line is broken, the Minuette operating scale forks - the resistance level of 109.10 - the USD/JPY movement can be directed to the targets:

• warning line UWL38. 2 (110.10) of the Minuette operating scale forks;
• the control line UTL Minute (111.45);
• local maximum - 111.72.

With the prospect of reaching the borders of the channel 1/2 Median Line Minuette (112.00-112.90-113.80).

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

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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.