18.09.201902:01 Forex Analysis & Reviews: AUD / USD vs USD / CAD vs NZD / USD vs #USDX. Comprehensive analysis of movement options from September 17, 2019 APLs & ZUP analysis

Minor (H4)

We will comprehensively consider the development options for the movement of the currency instruments AUD / USD vs USD / CAD vs NZD / USD vs #USDX from September 17, 2019 on the Minor operational scale (daily timeframe).

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US dollar Index

From September 17, 2019, the development of the movement of the dollar index #USDX will continue to be determined by working out and the direction of the breakdown of the boundaries of 1/2 Median Line channel (98.80 - 98.05 - 97.75) of the Minuette operational scale fork. We look at the animated chart for the movement details within this channel.

In case of breakdown of the lower boundary of the 1/2 Median Line Minuette channel (support level of 97.75), the development of the movement of the dollar index will continue to the boundaries of the equilibrium zone (97.55 - 97.00 - 96.50) of the Minuette operational scale fork.

On the other hand, if the breakdown of the upper boundary of the 1/2 Median Line channel (resistance level of 98.40) of the Minuette operational scale forks takes place, then the upward movement #USDX will be directed to the targets - control line UTL (99.00) of the Minor operational scale fork - the initial SSL Minuette line (99.20) - maximum 99.36 - control line UTL Minuette (99.55) - warning line UWL38.2 Minuette (99.95).

The markup of #USDX movement options from September 17, 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/ US dollar (AUD / USD) from September 17, 2019 will be determined by the direction of the breakdown of the range :

• resistance level of 0.6885 (lower boundary of the ISL38.2 equilibrium zone of the Minuette operational scale fork);
• support level of 0.6820 (reaction line RL161.8 of the Minor operational scale fork).

A combined breakdown of the resistance level of 0.6885 (ISL38.2 Minuette) and the final Shiff Line Minuette (0.6900) will make it possible to develop the movement of the Australian dollar in the equilibrium zone (0.6885 - 0.6940 - 0.6990) of the Minuette operational scale fork with the prospect of reaching a local maximum of 0.7083.

In case of breakdown of the reaction line RL161.8 (support level of 0.6820) of the Minor operational scale fork, the downward movement of AUD / USD can continue to the boundaries of the 1/2 Median Line channel (0.6765 - 0.6725 - 0.6678) of the Minuette operational scale fork.

From September 17, 2019, we look at the layout of the AUD / USD movement options in the animated chart.

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New Zealand dollar vs US dollar

The movement of the New Zealand dollar/ US dollar (NZD / USD) from August 17, 2019 will also depend on the mining and direction of the breakdown of the range :

• resistance level of 0.6405 (the lower boundary of the 1/2 Median Line channel of the Minuette operational scale fork);
• support level of 0.6360 (warning line UWL38.2 of the Minor operational scale fork).

The breakdown of the resistance level of 0.6405 is an option for the development of the NZD / USD movement within the boundaries of the 1/2 Median Line channel (0.6405 - 0.6450 - 0.6500) and the equilibrium zone (0.6480 - 0.6555 - 0.6615) of the Minuette operational scale fork.

On the contrary, in case of breakdown of the warning line UWL38.2 (support level of 0.6340) of the Minor operational scale fork, the downward movement of the New Zealand dollar can continue to the boundaries of the 1/2 Median Line channel (0.6300 - 0.6225 - 0.6145) of the Minor operational scale fork.

We look at the layout of the NZD / USD movement options from September 17, 2019 on the animated chart.

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US dollar vs Canadian dollar

The Canadian dollar/ US dollar (USD / CAD) is no exception - the development of this movement from September 17, 2019 will also depend on the direction of the breakdown of the range :

• resistance level of 1.3315 (the initial line of SSL Minuette operational scale fork);
• support level of 1.3275 (the upper boundary of the 1/2 Median Line channel of the Minor operational scale fork).

The breakdown of the support level of 1.3275 will determine the development of the movement of the Canadian dollar in the 1/2 Median Line channel (1.3275 - 1.3210 - 1.3135) of the Minor operational scale fork with the prospect of reaching the upper boundary of the ISL38.2 (1.3060) equilibrium zone of the Minuette operational scale fork and update the local minimum 1.3015.

In the event of a breakdown of the initial SSL line (resistance level of 1.3315) of the Minuette operational scale fork, the upward movement of USD / CAD can be continued towards the targets - the UTL Minuette control line (1.3350) - local maximum 1.3382- warning line UWL61.8 Minor (1.3435) - control line UTL Minor (1.3490).

From September 17, 2019, we are looking at the markup of the USD / CAD movement options 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.