Comprehensive analysis of movement options of #USDX vs AUD/USD vs USD/CAD vs NZD/USD (H4) on December 27

Minuette operational scale (H4)

It is already the end of year 2019 - what will happen next with the raw materials instruments? Here's a comprehensive analysis of the development options for the movement #USDX vs AUD / USD vs USD / CAD vs NZD / USD from December 27, 2019.

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US dollar index

The development of the movement of the dollar index #USDX from December 27, 2019 will be due to the development and direction of the breakdown of the range:

  • resistance level of 97.68 (the upper boundary of ISL61.8 is the equilibrium zone of of the Minuette operational scale forks);
  • support level of 97.55 (lower boundary of the ISL38.2 equilibrium zone of the Minuette operational scale forks).

The breakdown of the resistance level of 97.68 at the upper boundary ISL61.8 of the equilibrium zone of the Minuette operational scale forks will determine the further development of the #USDX movement in the equilibrium zone (97.55 - 97.82 - 98.08) of the of the Minuette operational scale forks with the prospect of reaching the final Schiff Line Minuette (98.22) and the final line FSL Minuette (98.38).

On the contrary, the breakdown of the lower boundary of the ISL38.2 channel of the equilibrium zone of the Minuette operational scale forks (support level of 97.55) - an option to return the development of the movement of the dollar index within the boundaries of the equilibrium zone (97.68 - 97.45 - 97.22) of the Minuette operational scale forks with the prospect of reaching the boundaries 1/2 Median Line Minuette channel (96.87 - 96.70 - 96.50).

The details of the #USDX movement are presented on the animated chart.

analytics5e04d35fb2d33.jpg

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Australian dollar vs US dollar

The movement of the Australian dollar AUD / USD from December 27, 2019 will also occur depending on the development and the direction of breakdown of a narrow range:

  • resistance level of 0.6930 (the lower boundary of the 1/2 Median Line channel of the Minuette operational scale forks);
  • support level of 0.6925 (the lower boundary of the channel 1/2 Median Line of the Minuette operational scale forks).

In the event of a breakdown of the support level of 0.6925, the development of the Australian dollar will begin to flow again in the 1/2 Median Line (0.6925 - 0.6900 - 0.6875) of the Minuette operational scale forks with the prospect of reaching the SSL Minuette start line (0.6855).

On the other hand, in case of breakdown of the resistance level 0.6930 - it will lead to an option for the development of the AUD / USD movement in the 1/2 Median Line channel (0.6930 - 0.6945 - 0.6960) of the Minuette operational scale forks with prospect. Now, after the breakdown of the above levels of this channel - the price of the instrument will try to reach the boundaries of the equilibrium zone (0.6965 - 0.7000 - 0.7040) of the Minuette operational scale forks.

We look at the layout of the AUD / USD movement options on the animated chart from December 27, 2019.

analytics5e04d37a311e3.jpg

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US dollar vs Canadian dollar

Te development of the USD / CAD movement, respectively from December 27, 2019, will be determined by the development and direction of the breakdown of the levels boundaries (1.3130 - 1.3165 - 1.3200) of this channel - traffic marking inside the 1/2 Median Line Minuette channel is presented on the animated chart.

The breakdown of the upper boundary of the 1/2 Median Line channel (resistance level of 1.3200) of the Minuette operational scale forks will confirm the development of the upward movement of the Canadian dollar to the equilibrium zone (1.3245 - 1.3265 - 1.3290) of the Minuette operational scale forks.

In case of breakdown of the lower boundary of the 1/2 Median Line Minuette channel (support level of 1.3130) and the local minimum 1.3102 is updated, the downward movement of USD / CAD will be directed to the equilibrium zone (1.3015 - 1.2970 - 1.2925) of the Minuette operational scale forks.

We look at the markup of the USD / CAD movement options on the animated chart from December 27, 2019.

analytics5e04d3965c544.jpg

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New Zealand Dollar vs US Dollar

New Zealand Dollar in the range:

  • resistance level of 0.6685 (control line UTL of the Minuette operational scale forks);
  • support level of 0.6640 (the initial line of SSL of the Minuette operational scale forks).

The breakdown of the support level 0.6560 (the initial SSL Minuette line) - the development of the NZD / USD movement will be directed to the boundaries of the 1/2 Median Line channel (0.6620 - 0.6600 - 0.6580) of the Minuette operational scale forks and the equilibrium zones of the Minuette operational scale forks (0.6590 - 0.6525 - 0.6450) and Minuette (0.6525 - 0.6492 - 0.6455).

Meanwhile, the breakdown of the control line of the pitchfork UTL operational scale Minuette (resistance level of 0.6685) will make possible the development of the movement of the New Zealand dollar to levels of resistance:

- 0.6695 - warning line UWL38.2 of the Minuette operational scale fork;

- 0.6735 - warning line UWL61.8 of the Minuette operational scale forks;

- 0.6790 - warning line UWL100.0 of the Minuette operational scale forks.

We look at the layout of the NZD / USD movement options on the animated chart from December 27, 2019.

analytics5e04d3b702061.jpg

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The review was prepared without taking into account the news background. Thus, the opening of 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.

The material has been provided by InstaForex Company - www.instaforex.com