21.04.202018:44 Forex Analysis & Reviews: Comprehensive analysis of movement options for #USDX vs Gold and Silver (H4) on April 22, 2020

Minuette operational scale (H4)

Against the backdrop of oil battles, the battle for metal continues anyway. Review of the development of the Gold and Silver movement against the dollar index #USDX on April 22, 2020

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US dollar index

The movement of the dollar index #USDX from April 22, 2020 will continue depending on the development and direction of the breakdown of the boundaries of the channel 1/2 Median Line (100.00-100.25-100.55) of the Minuette operational scale forks - we look at the motion graphics inside this channel on the animated chart.

A breakdown of the support level of 100.00 at the lower border of the channel 1/2 Median Line Minuette followed by a breakdown of the initial SSL line (99.80) of the Minuette operational scale forks will confirm the further development of the movement #USDX to the goals:

• ultimate Shiff Line Minuette (99.30);
• LTL Minuette control line (99.10);
• minimum (98.82-98.27).

A breakdown of the resistance level of 100.55 on the upper boundary of the 1/2 channel Median Line Minuette is an option to continue the upward movement of the dollar index to the equilibrium zone (101.00-101.45-101.80) of the Minuette operational scale forks.

The layout of the #USDX movement options from April 22, 2020 is shown on the animated chart.

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Spot Silver

From April 22, 2020, the development of Spot Silver movement will continue in the equilibrium zone (13.750-14.650-15.450) of the Minuette operational scale forks taking into account the working out of the borders of the equilibrium zone (14.650-14.880-15.120) of the Minuette operational scale forks - marking the working out of the above border levels, these equilibrium zones are presented on the animated chart.

A breakout of the lower border of the ISL38.2 equilibrium zone of the Minuette operational scale forks - the support level of 13.750 - will determine the further development of the movement of Spot Silver in the channel 1/2 Median Line Minute (13.750-13.000-12.200).

In case of a breakdown of the top border ISL61.8 equilibrium zone of the Minuette operational scale forks - resistance level of 15.540 - the movement of Spot Silver will continue to the channel 1/2 Median Line (15.370-15.550 - 15.700) of the Minuette operational scale forks with the subsequent prospect of reaching the goals of this tool:

• initial line SSL Minuette (15.850);
• control line UTL Minuette (16.250);
• warning line UWL61.8 Minuette (16.450).

Details of the Spot Silver movement options from April 22, 2020 are shown in the animated chart.

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Spot Gold

The development and direction of the breakdown of the boundaries of the equilibrium zone (1654.00-1674.00-1694.00) of the Minuette operational scale forks will determine the further development of the Spot Gold movement from April 22, 2020 - the marking of the movement in the equilibrium zone is shown on the animated chart.

A breakout of the lower border ISL61.8 equilibrium zone of the Minuette operational scale forks - support level of 1654.00 - will direct Spot Gold to the equilibrium zone (1640.00-1610.00-1580.00) of the Minuette operational scale forks.

If a breakdown of the upper boundary of the ISL38.2 equilibrium zone of the Minuette operational scale forks takes place - resistance level of 1694.00 - it will be relevant to continue the development of the upward movement of Spot Gold to the borders of the 1/2 Median Line Minuette channel (1730.00-1743.00-1757.00).

Details of the Spot Gold movement since April 22, 2020 can be seen 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).