Comprehensive analysis of movement options for #USDX vs EUR/USD & GBP/USD & USD/JPY (H4) on July 13, 2020

Minute operational scale (H4)

Who will be happy with the number 13 – for the “bulls” or for the “bears”? Development options for the movement of #USDX vs EUR/USD & GBP/USD & USD/JPY (H4) on July 13, 2020.

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US dollar index

From 13 July 2020, the movement of the dollar index #USDX will be due to the training and direction of a breakout of the range:

  • resistance level of 96.75 – lower boundary of the channel 1/2 Median Line of the Minuette operational scale fork;
  • support level of 96.65 – initial line of SSL of the Minute operational scale fork.

In case of breakdown of the resistance level of 96.75, #USDX movement will continue in the 1/2 channel Median Line Minuette (96.75 – 96.95 – 97.15) with the prospect of continuing it already in the equilibrium zone (97.15 – 97.40 – 97.70) of the Minuette operational scale fork.

When the support level of 96.65 is broken on the initial SSL line of the Minute operational scale fork, followed by the update of the local minimum 96.23, the downward movement of the dollar index may continue to the borders of the channel 1/2 Median Line Minute (95.85 – 95.45 – 95.05).

The layout of the #USDX movement options from July 13, 2020 is shown on the animated chart.

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Euro vs US dollar

The development of the movement of the single European currency EUR/USD from July 13, 2020 will be determined by the development and direction of the breakdown of the borders of the 1/2 Median Line channel (1.1310 – 1.1290 – 1.1270) of the Minuette operational scale fork – see details on the animated chart.

If the support level of 1.1270 breaks at the lower border of the channel 1/2 Median Line Minuette, the single European currency will continue its movement inside the equilibrium zone (1.1270 – 1.1245 – 1.1215) of the Minuette operational scale fork with the prospect of reaching the lower bound of ISL61.8 (1.195) of the Minute operational scale fork and updating the local minimum of 1.168.

When the upper limit of the channel 1/2 Median Line is broken, the Minuette operational scale fork – the resistance level of 1.1310 – the movement of EUR/USD can be directed to the goals:

  • upper bound of ISL38.2 (1.1325) equilibrium zone of the Minute operational scale fork;
  • initial SSL line (1.1355) of the Minuette operational scale fork;
  • local maximum 1.1371;
  • UTL Minuette control line (1.1380).

The EUR/USD movement options from July 13, 2020 are shown on the animated chart.

analytics5f0881e53f209.jpg

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Great Britain pound vs US dollar

The movement of Her Majesty’s currency GBP/USD from July 13, 2020 will continue in the 1/2 medium Line channel (1.2700 – 1.2610 – 1.2550) of the Minute operational scale fork, taking into account the direction of the breakdown of the range:

  • resistance level of 1.2620 – 1/2 Median Line Minute;
  • support level of 1.2600 – the initial SSL line of the Minute operational scale fork.

Details of movement within this channel are shown on the animated chart.

If the support level of 1.2600 on the starting line SSL of the Minute operational scale fork will make possible the continuation of the downward movement of GBP/USD to the lower border of the channel 1/2 Median Line Minute (1.2550) and the channel borders 1/2 Median Line (1.2480 – 1.2420 – 1.2365) of the Minuette operational scale fork.

A break of the resistance level of 1.2620 at 1/2 Median Line Minute will determine the continuation of the movement of the currency of Her Majesty to the goals:

  • initial SSL line (1.2645) of the Minuette operational scale fork;
  • local maximum 1.2669;
  • upper limit of the channel 1/2 Median Line Minute (1.2700);
  • with the prospect of reaching the warning line UWL38.2 (1.2770) of the Minute operational scale fork and updating the maximum 1.2810.

We look at the GBP/USD movement options from June 13, 2020 on the animated chart.

analytics5f08822f9369d.jpg

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US dollar vs Japanese yen

The development of the movement of the currency of the “Land of the Rising Sun” USD/JPY will continue from July 13, 2020, depending on the development and direction of the breakdown of the boundaries of the equilibrium zone (107.05 – 106.80 – 106.50) of the Minuette operational scale fork – marking of movement within this equilibrium zone is shown on the animated graph.

If the resistance level of 107.05 is broken at the upper border of the ISL38.2 balance zone of the Minuette operational scale fork, the upward movement of USD/JPY will be directed to the borders of the 1/2 Median Line channel (107.40 – 107.65 – 107.90) of the Minute operational scale fork.

If the support level of 106.50 breaks at the lower border of ISL61.8 equilibrium zone of the Minuette operational scale fork, it will be relevant to continue the movement of the “Land of the Rising Sun” currency towards the goals:

  • Median Line Minute (106.40);
  • lower bound of ISL61.8 (106.08) equilibrium zone of the Minute operational scale fork;
  • final line of FSL (105.60) of the Minuette operational scale fork.

The marking of USD/JPY movement options since July 13, 2020 is shown on the animated chart.

analytics5f08828ad669c.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 – 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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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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