empty
15.10.2020 01:51 AM
Main currency instruments EUR/USD & GBP/USD - H4. Comprehensive analysis of APLs & ZUP traffic options from October 15, 2020

Operational scale Minute (H4 time frame )

What's next? Will there be growth in the value of the US Dollar? Overview of EUR/USD & GBP/USD movement options in the h4 timeframe from October 15, 2020.

____________________

Euro vs US Dollar

The development of the movement of the single Euro in the EUR/USD pair from October 15, 2020 will continue depending on the development and direction of the breakdown of the range:

  • Resistance level 1.1785 - starting line of the SSL indicator Minuette operational scale pitchforks.
  • Support level 1.1750 - starting line of SSL Minute operational scale pitchforks.

The breakdown of the support level of 1.1750 on the initial SSL Minute line is an option to continue the downward movement of EUR/USD to the borders of the channel 1/2 Median Line Minuette (1.1730 - 1.1700 - 1.1670). This has a prospect of reaching the equilibrium zone (1.1625 - 1.1575 - 1.1525) of the Minuette operational scale.

The breakdown of the resistance level of 1.1785 on the starting line of the SSL Minuette operational scale pitchfork will make it relevant to develop the upward movement of the Euro towards these goals:

  • UTL control line (1.1820) of Minuette operational scale forks
  • Local maximum is 1.1831 - 1.1872

with the prospect of reaching the borders of the 1/2 Median Line channel (1.1895 - 1.1960 - 1.2020) of the Minute operational scale.

This image is no longer relevant

____________________

Great British Pound vs US Dollar

The development of the movement of the Pound in the GBP/USD pair, from October 15, 2020, will also occur depending on the development and direction of the breakdown of the range:

  • Resistance level of 1.3055 - UTL control line of the Minuette operational scale pitchfork
  • Support level 1.3027 - starting line of the SSL Minuette operational scale pitchfork

If the support level 1.3027 on the starting line SSL Minuette will direct the movement of the Pound downward to the initial line SSL Minute operational scale fork (1.2915), the breakdown will be the actual achievement price of the channel borders 1/2 Median Line (1.2820 - 1.2745 - 1.2675) and equilibrium zone (1.2710 - 1.2615 - 1.2515) of the Minuette operational scale forks.

The breakdown of the resistance level at 1.3055 to the control line UTL Minuette operational scale fork will subsequently update the local maximum to 1.3082. This will make it possible for the Pound to achieve borders of the channel 1/2 Median Line (1.3135 - 1.3240 - 1.3355) of the Minute operational scale pitchfork.

This image is no longer relevant

____________________

The review is compiled without taking into account news background and the opening of trading sessions of the main financial centers. This is not a guide to action (placing "sell" or "buy" orders).

The formula for calculating the dollar index:

USDX = 50.14348112 * USDEUR 0.576 * USDJPY 0.136 * USDGBP 0.119 * USDCAD 0.091 * USDSEK 0.042 * USDCHF 0.036.

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 V %

Swiss franc — 3.6 %.

The first coefficient in the formula brings the index value to 100 on the start date (March 1973), when the main currencies began to be freely quoted relative to each other.

Ratu Taslim,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Thursday May 15, 2025

From what is seen on the daily chart, the Exotic USD/IDR currency pair appears to have a Bearish 123 pattern followed by the appearance of 2 Bearish Ross Hook (RH)

Arief Makmur 06:46 2025-05-15 UTC+2

Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday May 15, 2025

If we look at the 4-hour chart of the Nasdaq 100 index moving above the WMA (21) which has a slope that is going upwards, indicating that currently Buyers

Arief Makmur 06:46 2025-05-15 UTC+2

EUR/USD Forecast for May 15, 2025

On Wednesday, the euro managed to rise to the target level of 1.1266 (the lows from April 15 and May 1), but in the absence of external support (S&P

Laurie Bailey 04:40 2025-05-15 UTC+2

GBP/USD Forecast for May 15, 2025

The British pound struggles to break above the 1.3311 resistance level with a daily candle close. In the current context, this level aligns with the zero (neutral) line

Laurie Bailey 04:40 2025-05-15 UTC+2

USD/JPY Forecast for May 15, 2025

By the end of yesterday's trading session, the USD/JPY pair declined by 73 pips, testing the MACD indicator line with a lower shadow. It's clear that an attempt to consolidate

Laurie Bailey 04:40 2025-05-15 UTC+2

Trading Signals for EUR/USD for May 14-19, 2025: sell below 1.1230 (200 EMA - 21 SMA)

The euro is expected to continue its fall in the coming hours. Therefore, we should expect a close below 1.1186 on the H4 chart. Then, the price could slide

Dimitrios Zappas 18:06 2025-05-14 UTC+2

Trading Signals for GOLD for May 14-19, 2025: buy above $3,175 (200 EMA - rebound)

Gold left a gap around 3,325. It is likely to be filled in the coming days. For this, we should wait for gold to consolidate above 3,230, then the outlook

Dimitrios Zappas 18:05 2025-05-14 UTC+2

WTI - West Texas Intermediate. Analysis and Forecast

Prices for U.S. crude oil West Texas Intermediate (WTI) are consolidating near a one-month high, pausing a four-day winning streak, although the intraday pullback lacks bearish conviction. WTI prices

Irina Yanina 17:55 2025-05-14 UTC+2

EUR/USD Analysis on May 14, 2025

On Tuesday, the EUR/USD pair rebounded from the support zone of 1.1074–1.1081 and reversed in favor of the euro, climbing by 110 points. Thus, the bears' joy was short-lived

Samir Klishi 11:20 2025-05-14 UTC+2

GBP/USD Analysis on May 14, 2025

On the hourly chart, the GBP/USD pair continued its upward movement on Tuesday after bouncing off the 1.3139 level. Judging by the wave structure, the bearish trend has not been

Samir Klishi 11:17 2025-05-14 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.