empty
12.07.2019 02:25 AM
#USDX vs GBP / USD H4 vs EUR / USD H4. Comprehensive analysis of movement options from July 12, 2019. Analysis of APLs & ZUP

Let's take a comprehensive look at how #USDX vs EUR / USD h4 vs GBP / USD h4 will behave from July 12, 2019.

Minuette operating scale (H4)

____________________

US dollar Index

From July 12, 2019, the dollar index #USDX will continue to develop its movement depending on the development and direction of the breakdown of the 1/2 Median Line channel boundaries (96.85 - 96.65 - 96.40) of the Minuette operational scale. More details about the movement options inside this channel are shown in the animated graphic.

In the case of a breakdown of the upper boundary of the 1/2 Median Line channel (resistance level of 96.85), Minuette operating scale fork together with ISL38.2 Minuette (96.90), the development of the dollar index movement will begin again in the equilibrium zone (96.90 - 97.20 - 97.50) of the Minuette operating scale fork, and if the breakdown of the ISL61.8 Minuette (resistance level of 97.50) happens, then updating the #USDX local maximums (97.59 - 97.77) will become necessary.

On the other hand, in case of breakdown of the support level of 96.40 (the lower boundary of the 1/2 Median Line channel of the Minuette operational scale), further development of the dollar index movement will continue in the 1/2 Median Line channel (96.40 - 96.20 - 95.95) of the Minuette operational scale fork.

The details of the #USDX movement are demonstrated in the animated graphics.

This image is no longer relevant

____________________

Euro vs US Dollar

The development of the movement of the single European currency EUR / USD from July 12, 2019 will be due to the direction of the range breakdown:

resistance level of 1.1290 at the upper boundary of the ISL38.2 equilibrium zone of the Minuette operating scale fork;

support level of 1.1275 on the ultimate Schiff Line of the Minuette operating scale fork.

In case that the single European currency returns below the support level of 1.1275 (final Schiff Line Minuette), then the development of this movement will be directed to the Median Line Minuette (1.1255), and if it breaks down, it will be possible to return EUR / USD to the equilibrium zone (1.1240 - 1.1210 - 1.1180) Minuette operating scale fork.

The breakdown of the upper boundary of the ISL38.2 (resistance level of 1.1290) of the equilibrium zone of the Minuette operational scale fork will determine the continuation of the upward movement of the single European currency to the boundaries of the 1/2 Median Line Minuette channel (1.1325 - 1.1350 - 1.1380).

Details of the EUR / USD movement options are shown in the animated graphic.

This image is no longer relevant

____________________

Great Britain Pound vs US Dollar

Her Majesty's currency GBP / USD continues to remain in the 1/2 Median Line channel (1.2570 - 1.2525 - 1.2480) of the Minuette operating scale, and accordingly, the further development of the movement of this instrument will depend on the development and direction of the breakdown of the above levels. The options for movement within this channels can be seen in the animated graphics.

The breakdown of the lower boundary of the 1/2 Median Line channel of the Minuette operating scale (support level of 1.2480) will determine the further development of GBP / USD movement in the equilibrium zone (1.2493 - 1.2450 - 1.2405) of the Minuette operational scale fork, with the option after the breakdown of ISL61.8 Minuette (support level of 1.2405), reaching the warning line LWL38.2 (1.2365) of the Minuette operating scale fork.

If the resistance level of 1.2570 has broken through the upper boundary of the 1/2 Median Line Minuette channel, then the upward movement of Her Majesty's currency will be directed to the initial SSL line (1.2620) and the 1/2 Median Line channel limits (1.2640 - 1.2670 - 1.2705) of the Minuette operating scale.

The details of the GBP / USD movement are presented in the animated graphic.

This image is no longer relevant

____________________

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

The formula for calculating the dollar index is:

USDX = 50.14348112 * USDEUR0.576 * USDJPY0.136 * USDGBP0.119 * USDCAD0.091 * USDSEK0.042 * USDCHF0.036.

where power ratios 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 gives the index value to 100 on the starting date - March 1973, when the main currencies began to be freely quoted relative to each other.

Ratu Taslim,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

Forecast for EUR/USD on May 8, 2025

On Wednesday, the EUR/USD pair twice rebounded from the resistance zone of 1.1374–1.1383, reversed in favor of the U.S. dollar, and began a new decline toward the 100.0% corrective level

Samir Klishi 10:43 2025-05-08 UTC+2

Forex forecast 08/05/2025: EUR/USD, GBP/USD, USD/JPY, USDX, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:37 2025-05-08 UTC+2

GBP/USD. May 8th. Traders Confused Ahead of the Bank of England Meeting

On the hourly chart, the GBP/USD pair on Wednesday failed to continue its upward movement. Overnight, it consolidated below the 1.3344–1.3357 level, then quickly recovered to this zone and rebounded

Samir Klishi 10:19 2025-05-08 UTC+2

Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Thursday May 08, 2025.

On the 4-hour chart of the main currency pair USD/JPY, although it appears to be strengthening, is indicated by the movement of the USD/JPY price moving above the EMA (21)

Arief Makmur 09:48 2025-05-08 UTC+2

Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday May 08, 2025.

With the appearance of Divergence between the Nasdaq 100 index price movement with the Stochastic Oscillator indicator and its price movement moving above the SMA (50) which has an upward

Arief Makmur 09:48 2025-05-08 UTC+2

EUR/USD Forecast for May 8, 2025

As expected, the Federal Reserve left its monetary policy unchanged following yesterday's meeting. Jerome Powell only slightly reinforced the market's expectations of rising inflation. Markets still anticipate the first rate

Laurie Bailey 05:09 2025-05-08 UTC+2

GBP/USD Forecast for May 8, 2025

At today's meeting, the Bank of England is expected to lower the key interest rate from 4.50% to 4.25%. Business media claim the market has already priced in this event

Laurie Bailey 05:09 2025-05-08 UTC+2

USD/JPY Forecast for May 8, 2025

USD/JPY The daily chart shows that the price is reversing downward from the green price channel lines. The first such reversal occurred on May 2, marked by a red arrow

Laurie Bailey 05:09 2025-05-08 UTC+2

GBP/USD. Analysis and Forecast

Today, the GBP/USD pair is pulling back from yesterday's bullish impulse. The retracement is supported by the modest strength of the U.S. dollar. From a technical standpoint, the pair

Irina Yanina 19:28 2025-05-07 UTC+2

Trading Signals for GOLD (XAU/USD) for May 7-9, 2025: buy above $3,360 (21 SMA - 8/8 Murray)

Early in the American session, gold is trading around 3,382, rebounding after reaching a low of 3,359 during the opening session. A strong technical rebound suggests a rally

Dimitrios Zappas 17:49 2025-05-07 UTC+2
Can't speak right now?
Ask your question in the chat.
 

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 InstaTrade anyway.

We are sorry for any inconvenience caused by this message.