Comprehensive analysis of movement options for #USDX vs AUD/USD & USD/CAD & NZD/USD (H4) on April 28, 2020

Trading 27 avr 2020 Donner votre avis

Minuette operational scale (H4)

What does the new week have in store for us in relation to commodity instruments? Options for the development of the movement #USDX vs AUD/USD & USD/CAD & NZD/USD from April 28, 2020.

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US dollar index

The development of the #USDX dollar index movement from April 28, 2020 will depend on the development and direction of the breakdown of the channel boundaries 1/2 Median Line (99.60-99.82-100.07) of the Minuette operational scale forks - we look at the markup of this movement on the animated chart.

A breakdown of the support level of 99.60 at the lower border of the channel 1/2 Median Line Minuette will determine the further development of the movement of the dollar index in the equilibrium zone (99.60-99.20-98.82) of the Minuette operational scale forks.

A breakdown of the resistance level of 100.07 at the upper border of the channel 1/2 Median Line Minuette will make it relevant to resume the upward movement #USDX to the goals:

LTL control line (100.30) of the Minuette operational scale forks;

initial SSL line (100.65) of the Minuette operational scale forks;

local maximum's (100.87 - 100.93);

With the prospect of reaching the initial SSL Minute line (102.40).

Details of the dollar index movement markup from April 28, 2020 are shown in the animated chart.

analytics5ea6fc9f12d57.jpg

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Australian dollar vs US dollar

From April 28, 2020, the development of the movement of the Australian dollar AUD/USD will be due to the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (0.6455-0.6495-0.6535) of the Minuette operational scale forks - details of the movement within this channel look at the animated chart.

A consecutive breakdown of the upper border of the channel 1/2 Median Line Minuette - the resistance level of 0.6535 - and ISL38.2 Minuette (0.6560) will determine the development of the movement of the Australian dollar in the equilibrium zone (0.6560-0.6615-0.6670) of the Minuette operational scale forks with the prospect of reaching the final FSL Minuette line.

If the lower border of the channel is broken 1/2 Median Line Minuette - support level of 0.6455 - the downward movement of AUD/USD will be directed to the goals:

  • initial line SSL Minuette (0.6415);
  • LTL Minuette control line (0.6355);
  • local minimum 0.6255;
  • final Shiff Line Minute (0.6220).

The markup of the AUD/USD movement options from April 28, 2020 is shown on the animated chart.

analytics5ea6fcba55cc8.jpg

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US dollar vs Canadian dollar

The development of the movement of the Canadian dollar USD/CAD from April 28, 2020 will also depend on the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (1.3968-1.4020-1.4075) of the Minuette operational scale forks - details of working out these borders are shown on the animated graph.

A breakdown of the support level of 1.3968 at the lower border of the channel 1/2 Median Line of the Minuette operational scale forks followed by a breakdown of ISL38.2 Minuette (1.3950) will determine the further development of the movement of the Canadian dollar in the equilibrium zone (1.3950-1.3880-1.3810) of the Minuette operational scale forks.

Breakdown of the upper border of the channel 1/2 Median Line of the Minuette operational scale forks - resistance level of 1.4075 - development option of the upward movement of USD/CAD to the goals:

  • initial line SSL Minuette (1.4155);
  • LTL Minuette control line (1.4240);

With the prospect of reaching the lower limit of the channel 1/2 Median Line (1.4380) of the Minuette operational scale forks.

The markup of the USD/CAD movement options from April 28, 2020 is shown on the animated chart.

analytics5ea6fcd4aec70.jpg

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New Zealand dollar vs US dollar

The development of the movement of the New Zealand dollar NZD/USD from April 28, 2020, as well as the previous instruments, will be due to the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (0.6020-0.6050-0.6085) of the Minuette operational scale forks - options for movement within this channel look at the animated chart.

A breakout of the resistance level of 0.6085 at the upper border of the channel 1/2 Median Line Minuette will make it relevant to develop the movement of the New Zealand dollar in the equilibrium zone (0.6085-0.6127-0.6175) of the Minuette operational scale forks with the prospect of reaching the price of the instrument warning line UWL61. 8 (0.6260) of the Minuette operational scale forks.

If there is a breakdown of the support level of 0.6020 at the lower border of the channel 1/2 Median Line Minuette, then the downward movement of NZD/USD will be directed to the goals:

  • SSL start line (0.5985) for operating scale forks Minute;
  • initial SSL line (0.5960) for the Minuette operating scale fork;
  • LTL Minuette control line (0.5925);
  • local minimum 0.5908;

With the prospect of reaching the upper limit of the channel 1/2 Median Line Minute (0.5730).

From April 21, 2020, we look at the layout of the NZD/USD movement options on the animated chart.

analytics5ea6fd2bb1137.jpg

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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.

The material has been provided by InstaForex Company - www.instaforex.com

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