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Minuette operational scale (H4)
Commodity currencies - Here's a comprehensive analysis of the options for the development of the movement #USDX vs AUD / USD vs NZD / USD vs USD / CAD for November 20, 2019 on the Minuette operational scale forks (H4 time frame)
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US dollar Index
The dollar index continues to remain in the 1/2 Median Line channel (97.65 - 97.92 - 98.15) of the Minuette operational scale forks, respectively, the further development of the #USDX movement from November 20, 2019 will be determined by the development and direction of the breakdown of the above levels. The details of the development are shown on animated chart.
The breakdown of the lower boundary of the 1/2 Median Line channel (support level of 97.65) of the Minuette operational scale forks - continuation of the downward movement #USDX to the equilibrium zone (97.40 - 97.15 - 96.92) of the Minuette operational scale forks.
On the contrary, in case of breakdown of the upper boundary of the 1/2 Median Line Minuette channel (resistance level of 98.15), the movement of the dollar index can be continued towards the goals: control line UTL (98.27) of the Minuette operational scale forks
- local maximum 98.45 - lower boundary of the ISL38.2 (98.50) equilibrium zone of the Minuette operational scale forks - 1/2 Median Line Minuette (98.87).
The markup of #USDX movement options from November 20, 2019 is shown on the animated chart.
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Australian dollar vs US dollar
The development of the movement of the Australian dollar AUD / USD from November 20, 2019 will depend on the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (0.6812 - 0.6825 - 0.6842) of the Minuette operational scale forks. The details of the development of the boundaries of this channel are presented on the animated chart.
The breakdown of the resistance level of 0.6842 at the upper boundary of the 1/2 Median Line Minuette channel is the continuation of the movement of the Australian dollar to the upper boundary of the 1/2 Median Line channel (0.6855) of the Minuette operational scale forks and the equilibrium zone (0.6865 - 0.6890 - 0.6915) of the Minuette operational scale forks.
However, in the event of a breakdown of the lower boundary of the 1/2 Median Line channel (support level of 0.6812) on the Minuette operational scale, it will be possible to continue the downward movement of AUD / USD to the targets: the initial SSL Minuette line (0.6785) - local minimum 0.6770 - LTL Minuette control line (0.6760) - upper boundary ISL38.2 (0.6745) of the equilibrium zone of the Minuette operational scale forks.
From November 20, 2019, we look at the layout of the AUD / USD movement options on the animated chart.
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New Zealand dollar vs US dollar
From November 20, 2019, the development of the movement of the New Zealand dollar NZD / USD will be determined by the development and the direction of the breakdown of the range :
The breakdown of the UTL control line (resistance level of 0.6415) of the Minuette operational scale fork will determine the continuation of the development of the upward movement of NZD / USD to the equilibrium zone (0.6450 - 0.6475 - 0.6500) of the Minuette operational scale fork.
In contrast, the breakdown of support level of 0.6395 will cause the movement of the New Zealand dollar to continue in the 1/2 Median Line channel (0.6395 - 0.6380 - 0.6360) of the Minuette operational scale forks, and if the breakdown of the lower boundary (0.6360) of this channel takes place, then the downward movement of this currency instrument can continue goals: local minimums (0.6330 - 0.6318) - control line LTL Minuette (0.6300) - 1/2 Median Line channel (0.6275 - 0.6230 - 0.6185) of the Minuette operational scale forks.
From November 20, 2019, we look at the layout of the NZD / USD movement options on the animated chart.
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US dollar vs Canadian dollar
Similarly, the development of the movement of the Canadian dollar USD / CAD from November 20, 2019 will also be due to the development and direction of the breakdown of the range :
The breakdown of ISL38.2 Minuette (support level of 1.3200) will make the development of the Canadian dollar to continue in the equilibrium zone (1.3200 - 1.3180 - 1.3160) of the Minuette operational scale forks followed by the continuation thereof in the 1/2 Median Line channel (1.3160 - 1.3130 - 1.3100) of the Minuette operational scale forks.
On the contrary, the breakdown of ISL38.2 Minuette (resistance level of 1.3210) - the development of the USD / CAD movement in the equilibrium zone (1.3210 - 1.3252 - 1.3295) of the Minuette operational scale forks, taking into account the development of the SSL initial line (1.3262) of the Minuette operational scale forks and the local maximum 1.3270.
From November 20, 2019, we look at the markup of the USD / CAD movement options on 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.
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