What will happen to the main currency instruments EUR / USD h4 vs #USDX h4 vs GBP / USD h4 on Monday, June 26, 2019? Here is a comprehensive analysis of movement options.
Minuette (H4)
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US Dollar Index
Starting June 26, 2019, the development of the dollar index movement #USDX will be conditioned by the working out and directing the breakdown of the equilibrium zone boundaries ( 95.82 <-> 96.10 <-> 96.32 ) of the Minuette operating scale. The details of the movement within this zone are shown in the animation graph.
The breakdown of the resistance level at 96.32 (upper limit of the ISL38.2 equilibrium zone of the Minuette operational scale fork) together with the breakdown of the warning line LWL38.2 ( 96.40 ) of the Minuette operational scale fork will guide the development of the dollar index movement to the borders of the 1/2 Median Line Minute channel ( 96.70 <- > 96.87 <-> 97.07 ).
The breakdown of support level at 95.82 (lower limit of ISL61.8 equilibrium zone of the Minuette operational scale fork ) -> option to continue the development of the downward movement of #USDX to the targets -> warning line LWL61.8 ( 95.70 ) of the Minuette operational scale fork <-> warning line LWL100.0 Minute ( 95.00 ) <-> FSL Minuette ending line ( 94.90 ). The details of the #USDX movement look at the animated graphics.
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Euro vs US Dollar
Starting June 26, 2019, the development of the movement of the single European currency EUR / USD will be determined by working out and directing the breakdown of the equilibrium zone ( 1.1425 <-> 1.1395 <-> 1.1360 ) of the Minuette operational scale fork. The options for movement within this channel are shown in the animated graphic.
The breakdown of the support level at 1.1360 (lower limit of the ISL38.2 equilibrium zone of the Minuette operational scale fork) -> continued development of the downward movement of the single European currency to the borders of the 1/2 Median Line channel ( 1.1335 <-> 1.1310 <-> 1.1290 ) and the equilibrium zone ( 1.1310 <-> 1.1275 <-> 1.1250 ) of the Minuette operational scale fork .
In the case of the breakdown of the upper boundary ISL61.8 ( level resistance 1.1425 ) equilibrium zone of Minuette operational scale fork. The upward movement EUR / USD can proceed to the final line FSL Minute ( 1.1530 ).
The details of the EUR / USD movement are presented in an animated graphic .
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Great Britain Pound vs US Dollar
Starting from June 26, 2019, GBP / USD currency movement will also be determined by working out and directing the breakdown of the equilibrium zone ( 1.2715 <-> 1.2780 <-> 1.2845 ) of the Minuette operational scale. The options for movement within this zone are shown in the animated graphic.
In the case of the breakdown of the lower limit ISL38.2 ( level of support 1.2715 ), balancing of Minuette operational scale fork will be possible to continue the downward movement of the GBP/USD currency to the boundaries of the channel 1/2 Median Line ( 1.2685 <-> 1.2652 <-> 1.2620) and the equilibrium zone ( 1.2620 <-> 1.2575 <-> 1.2530 ) of the Minuette operational scale fork .
The breakdown of the upper limit of ISL61.8 ( resistance level 1.2845 ) of the Minuette operational scale fork -> the development of the movement of GBP / USD to the reaction line RL100.0 Minute ( 1.2945 ). The details of the GBP / USD movement are presented in an animated graphic.
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The review was compiled without taking into account the news background, the opening of trading sessions of the main financial centers and is not 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 major currencies began to be freely quoted relative to each other.
