27.02.202010:49 Forex Analysis & Reviews: Comprehensive analysis of movement options of #USDX vs USD/JPY vs EUR/JPY vs GBP/JPY (H4) from February 27, 2020

Minuette operational scale (H4 timeframe)

Let's see how the movement of the dollar index #USDX, the currency of the "land of the rising sun" USD / JPY and its cross instruments - EUR / JPY and GBP / JPY will begin to flow from 02.27.2020.

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US dollar Index

Starting from February 27, 2020, the dollar index #USDX will begin to develop its movement depending on the development and direction of breakdown of the boundaries of the equilibrium zone (99.40 - 99.15 - 98.95) of the Minuette operational scale forks. We look at the movement markings inside this zone on the animated chart.

In case of breakdown of the lower boundary of the ISL61.8 (support level of 98.95) equilibrium zone of the Minuette operational scale forks, the development of the downward movement of the dollar index will be directed to the boundaries of the 1/2 Median Line channel (98.70 - 98.30 - 97.90) of the Minuette operational scale forks.

On the other hand, if the upper boundary of ISL38.2 (resistance level of 99.40) equilibrium zone of the Minuette operational scale forks, is broken, then the upward movement #USDX can be continued to the goals:

- 1/2 Median Line Minuette (99.55);

- local maximum 99.91;

- the upper boundary of ISL61.8 (100.10) of the Minuette operational scale forks;

- SSL start line (100.20) of the Minuette operational scale forks.

The markup of #USDX movement options from February 27, 2020 is shown on the animated chart.

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US dollar vs Japanese yen

The development of the USD / JPY currency movement of the "country of the rising sun" from February 27, 2020 will be determined by the development and direction of the breakdown of the boundaries of 1/2 Median Line channel (109.09 - 110.15 - 110.45) of the Minuette operational scale forks. We look at the details of the movement in this channel on the animated chart.

The breakdown of the support level of 109.90 on the lower boundary of the 1/2 Median Line Minuette channel is an option to continue the development of the downward movement of the currency of the "country of the rising sun" to the goals:

- warning line LWL61.8 (109.70) of the Minuette operational scale forks;

- control line LTL Minuette (109.00);

- local minimum 108.31 ;

- warning line LWL161.8 Minuette (108.00).

In case of breakdown of the upper boundary of the 1/2 Median Line Minute channel - 110.45, the upward movement of the "country of the rising sun" currency can continue to the SSL Minute start line (110.70) and to the 1/2 Median Line Minuette channel (110.90 - 111.20 111.50), with the prospect reaching the boundaries of the equilibrium zone of the Minuette operational scale forks (111.90 - 112.40 - 113.00) and Minuette (112.10 - 112.60 - 113.00).

We look at the details of the USD / JPY movement on the animated chart.

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Euro vs Japanese yen

The development of the cross-instrument EUR / JPY movement from February 27, 2020 will be determined by the development and direction of the breakdown of the boundaries of 1/2 Median Line Minuette channel (120.35 - 120.00 - 119.65) of the Minuette operational scale forks. The details of the processing of the above levels are shown in the animated chart.

The breakdown of the upper boundary of the 1/2 Median Line Minuette channel (resistance level of 120.35), will lead to the continuation of the movement of this cross-instrument to the boundaries of the equilibrium zone (120.55 - 121.15 - 121.75) of the Minuette operational scale forks with the prospect of reaching the final Schiff Line Minuette (122.50).

Alternatively, if the support level of 119.65 is broken down at the lower boundary of the 1/2 Minuette channel, the EUR / JPY movement will flow in the equilibrium zone (119.65 - 119.25 - 118.85) of the Minuette operational scale pitchfork, and if the ISL61.8 Minuette (118.85) breaks down, the movement of this instrument will continue to the targets :

- start line SSL Minuette (118.62);

- control line LTL Minuette (118.44);

- end line FSL Minuette (117.60).

The details of the EUR / JPY movement, depending on the development of the 1/2 Median Line Minuette channel, are presented on the animated chart.

Great Britain pound vs Japanese yen

The development of the GBP / JPY cross-instrument movement from February 27, 2020, as before, will continue to be determined by developing the equilibrium zone (142.30 - 142.75 - 143.25) of the Minuette operational scale forks. The details of the development of the mentioned levels are shown on the animated chart.

The breakdown of the upper boundary of the ISL38.2 (resistance level of 143.25) equilibrium zone of the Minuette operational scale forks will lead to the development of the upward movement of the cross-instrument to the boundaries of 1/2 Median Line Minuette channel (143.90 - 144.20 - 144.50) with the prospect of reaching the equilibrium zone (144.65 - 145.20 - 145.85) of the Minuette operational scale forks.

On the contrary, in case of breakdown of the lower boundary of the ISL38.2 (support level of 142.30) equilibrium zone of the Minuette operational scale forks - option to continue the downward movement of GBP / JPY to the warning - LWL38.2 (141.90) - LWL61.8 (141.40) and control - LTL (140.90) lines of the Minuette operational scale forks.

The details of the GBP / JPY movement, depending on the direction of the breakdown of the Minuette equilibrium zone, are shown 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 major 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.