Comprehensive analysis of movement options for #USDX vs Gold & Silver (DAILY) on March 25, 2020

Trading 25 mar 2020 Donner votre avis

Continuing the battle for metal with US dollars - here's a comprehensive analysis of movement options for #USDX vs Gold & Silver (DAILY) on March 25, 2020

Minor operational scale (daily time frame)

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US dollar index

The movement of the USDX index from March 25, 2020 will continue depending on the direction of the breakdown of the range:

  • resistance level of 101.65 - ultimate Shiff Line of the Minor operational scale forks;
  • support level of 100.95 - the upper boundary of the ISL61.8 equilibrium zone of the Minor operational scale forks.

In case of breakdown at the upper boundary ISL61.8 (support level of 100.95) of the equilibrium zone of the Minor operational scale forks, the development of the movement of the dollar index will continue within the boundaries of the equilibrium zones of the Minor operational scale forks (100.95 - 99.85 - 98.75) and Minuette (99.20 - 98.00 - 96.75).

On the contrary, in the event of a breakdown of the final Schiff Line (resistance level of 101.65) of the Minor operational scale forks, it will lead to the option to resume the development of the upward movement #USDX to the goals:

- initial SSL line (102.65) of the Minuette operational scale forks;

- maximum 102.99;

- control line UTL Minuette (104.10);

- Starting line SSL Minor (104.85).

The markup of the #USDX movement options on March 25, 2020 is shown on the animated chart.

analytics5e7a37df0534a.jpg

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Spot silver

The development of Spot Silver movement options from March 25, 2020 will be determined by developing the boundaries of the 1/2 Median Line channel (13.550 - 14.110 - 14.710) of the Minuette operational scale forks. The marking out the processing of these levels is presented on the animated chart.

In case of breakdown of the upper boundary (resistance level of 14.710) of the 1/2 Median Line Minuette channel, the further development of Spot Silver movement within the boundaries of the equilibrium zones of pitchforks of operational scales Minuette (14.110 - 14.950 - 15.650 ) and Minor (14.400 - 15.210 - 16.050) will be confirmed.

Alternatively, in case of breakdown of the lower boundary (support level of 13.550) of the 1/2 Median line Minuette channel, it will lead to the option to resume the downward movement of Spot Silver to the targets:

- final line FSL (11.700) of the Minor operational scale forks;

- SSL start line (11.350) of the Minuette operational scale forks;

- control line LTL Minuette (10.750).

The details of the Spot Silver movement options from March 25, 2020 are shown on the animated chart.

analytics5e7a37feb79dd.jpg

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Spot gold

The development of the Spot Gold movement from March 25, 2020 will be determined by the development and direction of the breakdown of the boundaries of the equilibrium zone (1565.00 - 1595.00 - 1630.00) of the Minuette operational scale forks. The details of the development of the indicated levels are presented on the animated chart.

In case of breakdown of the resistance level 1630.00 at the upper boundary ISL61.8 of the equilibrium zone of the Minuette operational scale forks, Spot Gold will continue its upward movement to the initial SSL line (1702.80) of the Minor operational scale forks.

Meanwhile, the breakdown of the support level of 15280 on the lower boundary of the a Median Line channel of the Minor operational scale forks will determine the further development of the Spot Gold movement in the equilibrium zone (1528.00 - 1475.00 - 1419.00) of the Minor operational scale forks.

The details of the Spot Gold movement from March 25, 2020 can be seen on the animated chart.

analytics5e7a3817c93e7.jpg

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The review is made without taking into account the news background. Thus, the opening of trading sessions of major financial centers does not serve as a guide to action (placing orders "sell" or "buy").

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

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