Minuette operational scale (H4)

What does the new week have in store for us in relation to commodity instruments? Options for the development of the movement #USDX vs AUD/USD & USD/CAD & NZD/USD from April 28, 2020.

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US dollar index

The development of the #USDX dollar index movement from April 28, 2020 will depend on the development and direction of the breakdown of the channel boundaries 1/2 Median Line (99.60-99.82-100.07) of the Minuette operational scale forks - we look at the markup of this movement on the animated chart.

A breakdown of the support level of 99.60 at the lower border of the channel 1/2 Median Line Minuette will determine the further development of the movement of the dollar index in the equilibrium zone (99.60-99.20-98.82) of the Minuette operational scale forks.

A breakdown of the resistance level of 100.07 at the upper border of the channel 1/2 Median Line Minuette will make it relevant to resume the upward movement #USDX to the goals:

LTL control line (100.30) of the Minuette operational scale forks;

initial SSL line (100.65) of the Minuette operational scale forks;

local maximum's (100.87 - 100.93);

With the prospect of reaching the initial SSL Minute line (102.40).

Details of the dollar index movement markup from April 28, 2020 are shown in the animated chart.

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Australian dollar vs US dollar

From April 28, 2020, the development of the movement of the Australian dollar AUD/USD will be due to the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (0.6455-0.6495-0.6535) of the Minuette operational scale forks - details of the movement within this channel look at the animated chart.

A consecutive breakdown of the upper border of the channel 1/2 Median Line Minuette - the resistance level of 0.6535 - and ISL38.2 Minuette (0.6560) will determine the development of the movement of the Australian dollar in the equilibrium zone (0.6560-0.6615-0.6670) of the Minuette operational scale forks with the prospect of reaching the final FSL Minuette line.

If the lower border of the channel is broken 1/2 Median Line Minuette - support level of 0.6455 - the downward movement of AUD/USD will be directed to the goals:

• initial line SSL Minuette (0.6415);
• LTL Minuette control line (0.6355);
• local minimum 0.6255;
• final Shiff Line Minute (0.6220).

The markup of the AUD/USD movement options from April 28, 2020 is shown on the animated chart.

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US dollar vs Canadian dollar

The development of the movement of the Canadian dollar USD/CAD from April 28, 2020 will also depend on the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (1.3968-1.4020-1.4075) of the Minuette operational scale forks - details of working out these borders are shown on the animated graph.

A breakdown of the support level of 1.3968 at the lower border of the channel 1/2 Median Line of the Minuette operational scale forks followed by a breakdown of ISL38.2 Minuette (1.3950) will determine the further development of the movement of the Canadian dollar in the equilibrium zone (1.3950-1.3880-1.3810) of the Minuette operational scale forks.

Breakdown of the upper border of the channel 1/2 Median Line of the Minuette operational scale forks - resistance level of 1.4075 - development option of the upward movement of USD/CAD to the goals:

• initial line SSL Minuette (1.4155);
• LTL Minuette control line (1.4240);

With the prospect of reaching the lower limit of the channel 1/2 Median Line (1.4380) of the Minuette operational scale forks.

The markup of the USD/CAD movement options from April 28, 2020 is shown on the animated chart.

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New Zealand dollar vs US dollar

The development of the movement of the New Zealand dollar NZD/USD from April 28, 2020, as well as the previous instruments, will be due to the development and direction of the breakdown of the boundaries of the 1/2 Median Line channel (0.6020-0.6050-0.6085) of the Minuette operational scale forks - options for movement within this channel look at the animated chart.

A breakout of the resistance level of 0.6085 at the upper border of the channel 1/2 Median Line Minuette will make it relevant to develop the movement of the New Zealand dollar in the equilibrium zone (0.6085-0.6127-0.6175) of the Minuette operational scale forks with the prospect of reaching the price of the instrument warning line UWL61. 8 (0.6260) of the Minuette operational scale forks.

If there is a breakdown of the support level of 0.6020 at the lower border of the channel 1/2 Median Line Minuette, then the downward movement of NZD/USD will be directed to the goals:

• SSL start line (0.5985) for operating scale forks Minute;
• initial SSL line (0.5960) for the Minuette operating scale fork;
• LTL Minuette control line (0.5925);
• local minimum 0.5908;

With the prospect of reaching the upper limit of the channel 1/2 Median Line Minute (0.5730).

From April 21, 2020, we look at the layout of the NZD/USD movement options 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 sterling- 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.