Minuette operational scale (H4)
"Raw" currencies - What to expect? Here's a comprehensive analysis of the development options for the movement #USDX vs AUD/USD vs USD/CAD vs NZD/USD for December 10, 2019
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US dollar Index
Starting from December 10, 2019, the #USDX dollar index will begin to develop movement depending on the direction of the breakdown of the range :
- resistance level of 97.73 - the lower boundary of the 1/2 Median Line channel of the Minuette operational scale forks;
- support level of 97.43 - the starting line of the Minuette operational scale forks.
Serial breakdown of support levels :
- 97.43 - the initial SSL line of the Minuette operational scale forks;
- 97.40 - start line SSL of the Minuette operational scale forks;
- 97.36 - local minimum;
- 97.30 - control line LTL Minuette;
will confirm the development of the movement of the dollar index in the 1/2 Median Line channel (97.30 - 97.10 - 96.85) of the Minuette operational scale forks.
In case of breakdown of the resistance level of 97.73, the #USDX movement will continue within the boundaries of the 1/2 Median Line channel (97.73 - 97.85 - 97.97) and the equilibrium zone (97.90 - 98.05 - 98.22) of the Minuette operational scale forks with the prospect of reaching the final Schiff Line Minuette (98.37).
The markup of #USDX movement options from December 10, 2019 is shown on the animated chart.
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Australian dollar vs US dollar
Further development of the movement of the Australian dollar AUD / USD from December 10, 2019 will begin to depend on the development and direction of the breakdown of the boundaries of 1/2 Median Line channel (0.6813 - 0.6823 - 0.6836) of the Minuette operational scale forks. We look at the animated chart for the details of the movement inside this channel.
In case of breakdown of the upper boundary of the 1/2 Median Line channel (resistance level of 0.6836) of the Minuette operational scale forks, the upward movement of the Australian dollar will continue to the boundaries of the 1/2 Median Line channel (0.6850 - 0.6877 - 0.6905) of the Minuette operational scale forks.
On the contrary, in the event of a breakdown of the support level of 0.6813 at the lower boundary of the 1/2 Median Line Minuette channel with a subsequent breakdown of ISL38.2 Minuette ( 0.6806 ), the AUD / USD movement will continue in the equilibrium zone (0.6809 - 0.6794 - 0.6780) of the Minuette operational scale forks with the prospect of reaching the control line LTL (0.6769) of the Minuette operational scale forks and local minimum 0.6755.
The markup of AUD/USD movement options from December 10, 2019 is presented on the animated chart.
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US dollar vs Canadian dollar
The development of the movement USD / CAD and will be determined by the direction of the development and breakdown of the Canadian dollar within the boundaries of the equilibrium zone (1.3275 - 1.3254 - 1.3235) and the 1/2 Median Line channel (1.3250 - 1.3230 - 1.3212) of the Minuette operational scale forks, respectively, from December 10, 2019. The movement marking inside the 1/2 Median Line channel and the Minuette equilibrium zone is presented on the animated chart.
Combined breakdown of support levels :
- 1.3212 - the lower boundary of the 1/2 Median Line Minuette channel;
- 1.3205 - the upper boundary of the 1/2 Median Line Minuette channel;
will determine the development of the movement of the Canadian dollar in the 1/2 Median Line Minuette channel (1.3205 - 1.3170 - 1.3136) with the prospect of reaching the upper boundary of ISL38.2 (1.3090) of the Minuette operational scale forks.
The breakdown of the upper boundary of ISL61.8 (resistance level of 1.3275) of the equilibrium zone of the Minuette operational scale forks will make the development of the upward movement of USD / CAD to the goals relevant : the final Schiff Line Minuette (1.3307) - control line UTL Minuette (1.3320) - local maximum 1.3327 - FSL end line Minuette (1.3342).
The markup of USD/CAD movement options from December 10, 2019 is presented on the animated chart.
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New Zealand dollar vs US dollar
The development and direction of the breakdown of the boundaries of 1/2 Median Line channel (0.6544 - 0.6550 - 0.6560) of the Minuette operational scale forks will determine the further development of the movement of the New Zealand dollar NZD / USD from December 10, 2019. The traffic markings on the 1 /2 Median Line Minuette channel are shown in the animation chart.
The breakdown of the resistance level of 0.6560 on the upper boundary of the 1/2 Median Line channel of the Minuette operational scale forks - will lead to the continuation of the development of the upward movement of NZD / USD to the targets: initial SSL line (0.6574) of the Minuette operational scale forks - control line initial SSL Minuette (0.6584) - control line UTL Minuette (0.6590) with the prospect of reaching the warning lines - UWL38.2 Minuette (0.6625) - UWL61.8 Minuette (0.6660).
Alternatively, the breakdown of the lower boundary of 1/2 Median Line Minuette channel (support level of 0.6544) together with the breakdown ISL38.2 Minuette (0.6538) will lead to the continuation of the development of the movement of the New Zealand dollar within the equilibrium zone (0.6538 - 0.6525 - 0.6510) of the Minuette operational scale forks and 1/2 Median Line channel (0.6517 - 0.6500 - 0.6480) of the Minuette operational scale forks.
The markup of NZD/USD movement options from December 10, 2019 is presented on the animated chart.
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The review was compiled without taking into account the news background. Thus, opening 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.
