Minor (H4)
Let us consider the comprehensive analysis of the development options for the movement of the currency instruments AUD / USD vs USD / CAD vs NZD / USD vs #USDX from August 19, 2019 on the Minor operational scale (daily timeframe)
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US Dollar Index
From August 19, 2019, the development of the movement of the dollar index #USDX will be determined by working out and the direction of the breakdown of the range :
resistance level - local maximum of 98.34;
support level of 97.95 (upper boundary of the 1/2 Median Line channel Minuette operational scale fork)
The breakdown of the support level of 97.95 is an option for the development of the #USDX movement in 1/2 Median Line Minuette channel (97.95 - 97.65 - 97.35), and when the breakdown of the lower boundary (97.35) of this channel occurs, then the downward movement of the dollar index can continue to the equilibrium zone (97.05 - 96.60 - 96.10) Minuette operational scale fork.
Updating the local maximum of 98.34 will make the development of the upward movement #USDX to the goals relevant - the initial SSL line (98.60) of the Minuette operational scale fork - the UTL control line (98.83) of the Minor operational scale fork - control line UTL Minuette (99.05) - warning lines UWL38.2 Minuette (99.25) - warning lines UWL61.8 Minuette (99.65).
The markup of #USDX motion options from August 19, 2019 is shown in the animated chart.
