17.04.202018:05 Forex Analysis & Reviews: Comprehensive analysis of movement options of #USDX vs EUR/USD vs GBP/USD vs USD/JPY (H4) on April 20, 2020

Minuette operational scale (H4).

New week - new flights in dreams and in reality? Options for the development of the movement of major currency instruments #USDX vs EUR/USD vs GBP/USD vs USD/JPY from April 20, 2020 in a complex form.

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US dollar index

The development of the movement of the dollar index #USDX from Monday, April 20, 2020, will be determined depending on the processing and the direction of the breakout of the channel borders 1/2 Median Line (99.90-100.10-100.45) of the Minuette operational scale - markup practicing the above levels are shown on the animation chart.

When breaking the lower border of the channel 1/2 Median Line Minuette - the support level of 99.90 - the resumption of the downward movement #USDX to targets:

• initial SSL line (99.40) of the Minuette operational scale fork;
• LTL Minuette control line (99.00);
• local minimum - 98.82.

With the prospect of reaching the upper limit of ISL38.2 (98.20) of the equilibrium zone of the Minuette operational scale fork.

If the upper limit of the channel is broken 1/2 Median Line Minuette - the resistance level of 100.45 - option for the dollar index to reach the borders of the equilibrium zone (100.55-101.00-101.45) of the Minuette operational scale forks.

Details of the dollar index movement markup from April 20, 2020 are shown on the animated chart.

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Euro vs US dollar

Development and direction of a breakout of the channel borders 1/2 Median Line (1.0769-1.0813-1.0840) of the Minuette operational scale fork will determine the development of the single European currency EUR/USD from April 20, 2020 - the movement markings inside this channel are presented on the animated chart.

In case of breaking the upper border of the channel 1/2 Median Line Minuette - resistance level of 1.0840 - it is confirmed that further development of the movement of EUR/USD will arise within the channel 1/2 Median Line (1.0813-1.0900-1.0995) of the Minuette operational scale fork.

If the lower border of the channel 1/2 Median Line Minuette is broken - the support level of 1.0769 - the downward movement of the single European currency can be continued to the equilibrium zone (1.0750-1.0690-1.0636) of the Minuette operational scale fork.

Details of the EUR/USD movement options are shown on the animated chart.

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Great Britain pound vs US dollar

From April 20, 2020, Her Majesty's currency GBP/USD will continue to move depending on the mining and direction of the breakdown of the channel boundaries 1/2 Median Line (1.2425-1.2490-1.2540) of the Minuette operational scale fork - the movement markings inside this channel are presented on the animated chart.

Breakdown of the upper border of the channel 1/2 Median Line Minuette - resistance level of 1.2540 - option to continue the development of the upward movement of GBP/USD to the goals:

• the initial line SSL Minuette (1.2620);
• local maximum 1.2646;
• the control line UTL Minuette (setback to 1.2695);
• midline Median Line Minute (1.2725).

The breakdown of the lower border of the channel 1/2 Median Line Minuette - the support level of 1.2425 - will make it relevant to develop the movement of the currency of Her Majesty in the equilibrium zone (1.2425-1.2355-1.2290) of the Minuette operational scale fork with the prospect of reaching the upper limit of the 1/2 medium Line channel (1.2245) of the Minuette operational scale fork and a local minimum of 1.2165.

Details of the movement of GBP/USD can be seen on the animated chart.

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US dollar vs Japanese yen

Starting April 20, 2020, the movement of the currency of the "Land of the Rising Sun" USD/JPY will be determined by mining and the direction of the breakdown of the channel boundaries 1/2 Median Line (107.85-108.20-108.50) of the Minuette operational scale forks - options for mining the boundaries of this channel are shown in the animation chart.

When breaking the lower border of the channel 1/2 Median Line Minuette - support level of 107.85 - downward movement of the USD/JPY may continue to order:

• the initial line SSL Minuette (107.55);
• upper limit of the channel 1/2 Median Line Minute (107.20);
• local minimum 106.94.
• 1/2 Median Line Minute (105.95).

And if there is a breakdown of the upper border of the channel 1/2 Median Line Minuette - the resistance level of 108.50 - then the development of the upward movement of USD/JPY can be continued to the equilibrium zone (109.10-109.60-110.10) of the Minuette operational scale forks.

Details of the USD/JPY movement are shown on the animated chart.

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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.