empty
22.10.2020 06:17 PM
US Dollar Index and the main cross-instrument EUR/GBP - H4. Comprehensive analysis of APLs & ZUP traffic options from October 22, 2020

Minute operational scale (H4 timeframe)

How will the Dollar Index #USDX and the main cross-instrument EUR/GBP behave in the H4 timeframe? Overview of traffic options from October 22, 2020

____________________

US Dollar Index

The development of the movement of the Dollar Index #USDX - H4 from October 22, 2020 will be conditioned by the development and direction of the breakdown of the equilibrium zone boundaries (92.53 -92.70 - 92.85) of the minor Minuette operational scale pitchfork.

The breakdown of the resistance level 92.85 at the upper border of ISL38.2 of the equilibrium zone of the Minuette operational scale pitchfork- H1 will determine the development of the #USDX movement in the 1/2 Median Line Minuette channel (92.85 - 93.00 - 93.15) with the possibility of achieving the goals:

  • The initial line SSL Minuette (93.30)
  • The control line UTL Minuette (93.55)
  • Local maximum of 93.75
  • Warning line UWL38.2 (93.87) of the Minute operational scale pitchfork

The joint breakout of the support level of 92.53 on the lower border ISL61.8 equilibrium zone of the Minuette operational scale pitchfork- H1 and the final Shiff Line Minuette (92.44) make urgent continuation of the downward movement of the dollar index to the borders of the channel 1/2 Median Line (92.55 - 91.80 - 91.31) Minute operational scale pitchfork.

.

This image is no longer relevant

___________________

Euro vs Great Britain Pound

The movement of the primary cross-instrument EUR/GBP from October 22, 2020 will also move depending on the development and direction of the breakdown of the boundaries of the equilibrium zone (0.9006 - 0.9030 - 0.9050) of the minor Minuette operational scale pitchfork-H1.

The breakdown of the support level at 0.9006 at the intersection of the lower border ISL61.8, the equilibrium zone of the Minuette operational scale pitchfork-h1, with the median line Minute operational scale pitchfork will direct the development of the downward movement of the EUR/GBP to the lower border ISL61.8 (0.8950), the equilibrium zone of the Minute operational scale pitchfork, with the prospect of achieving the final line FSL (0.8925) of the Minuette operational scale pitchfork.

In the case of a consecutive break, the resistance level of 0.9050 at the upper boundary ISL38.2, the equilibrium zone of the Minuette operational scale pitchfork, and upper bounds ISL38.2 (0.9055), the equilibrium zone of the Minute operational scale pitchfork, the movement of the main cross-tool will be continued in the channel 1/2 Median Line Minuette (0.9055 - 0.9070 - 0.9090) with the prospect of achieving initial - SSL (0.9115) and helpful - UTL (0.9143) of the Minuette operational scale pitchforks, as well as the local maximum 0.9148.

This image is no longer relevant

____________________

The review is compiled without taking into account the news background and the opening of trading sessions of the main financial centers. This is not a guide to action in placing buy or sell orders

Ratu Taslim,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD. Fed Meeting Results May Lead the Pair to a Decline

The pair is consolidating in a narrow range below the resistance level of 1.1345 in anticipation of the outcome of the Fed's monetary policy meeting, which will conclude on Wednesday

Pati Gani 10:59 2025-05-05 UTC+2

EUR/USD – May 5th: The U.S. Labor Market Is Not Hopeless

On Friday, the EUR/USD pair rose to the level of 1.1374, bounced off, and reversed in favor of the U.S. dollar. The bears attacked again, but only briefly, and overall

Samir Klishi 10:57 2025-05-05 UTC+2

GBP/USD – May 5: Trump May Lift Tariffs on China

On the hourly chart, the GBP/USD pair continued its decline on Friday toward the 161.8% Fibonacci correction level at 1.3249. A rebound from this level will favor the British pound

Samir Klishi 10:51 2025-05-05 UTC+2

Forex forecast 05/05/2025: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD 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 10:23 2025-05-05 UTC+2

Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Monday May 05, 2025.

With the appearance of the Failing Wedge pattern on the 4-hour chart, it gives an indication that in the near future it has the potential to go to the level

Arief Makmur 08:23 2025-05-05 UTC+2

Technical Analysis of Intraday Price Movement of EUR/JPY Cross Currency Pairs, Monday May 05, 2025.

By looking at the 4-hour chart of the EUR/JPY cross currency pair, it appears that in the near future EUR/JPY has the potential to strengthen, which is confirmed

Arief Makmur 08:23 2025-05-05 UTC+2

Technical Analysis of Intraday Price Movement Nasdaq 100 Index, Friday May 02, 2025.

From what is seen on the 4-hour chart of the Nasdaq 100 index, the Stochastic Oscillator indicator is in a Crossing SELL condition and the appearance of a Rising Wedge

Arief Makmur 08:04 2025-05-02 UTC+2

Trading Signals for GOLD (XAU/USD) for May 1-3, 2025: buy above $3,203 (200 EMA - 5/8 Murray)

The price of the yellow metal is likely to trade between 3,203 and could reach the bottom of the bearish channel around 3,181 in the coming days, a level that

Dimitrios Zappas 17:49 2025-05-01 UTC+2

Trading Signals for EUR/USD for April 30, 2025: sell below 1.1376 (21 SMA - 7/8 Murray)

Early in the American session, the EUR/USD pair is trading around 1.1378 within the downtrend channel formed on April 17 and showing signs of exhaustion of bullish strength. A technical

Dimitrios Zappas 17:37 2025-04-30 UTC+2

Forex forecast 30/04/2025: EUR/USD, AUD/USD, USD/JPY, 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 16:31 2025-04-30 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

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 InstaForex anyway.

We are sorry for any inconvenience caused by this message.