empty
11.02.2020 01:29 AM
Comprehensive analysis of movement options for #USDX vs EUR/USD vs GBP/USD vs USD/JPY (DAILY) on February 10

Here's a variation of movement of the main currency instruments - #USDX, EUR / USD, GBP / USD and USD / JPY - DAILY in a comprehensive form from February 10, 2020

Minor (daily time frame)

____________________

US dollar index

The US dollar index #USDX will determine the development of its movement from February 10, 2020, depending on the breakdown direction of a fairly narrow range :

- resistance level of 98.75 - lower boundary of the ISL38.2 equilibrium zone of the Minor operational scale forks;

- support level of 98.65 - the upper boundary of the 1/2 Median Line Minor channel.

The breakdown of ISL38.2 Minor - resistance level of 98.75 - will make the development of #USDX movement in the equilibrium zone (98.75 - 99.40 - 100.00) of the Minor operational scale forks relevant.

The breakdown of support level 98.65 - the development of the dollar index movement will continue within the 1/2 Median Line channel (98.65 - 98.25 - 97.85)of the Minor operational scale forks and the equilibrium zone (98.20 - 97.95 - 97.65) of the Minuette operational scale forks.

The markup of #USDX movement options from February 10, 2020 is shown on the animated chart.

This image is no longer relevant

____________________

Euro vs US dollar

The development of the single European currency EUR/USD from February 10, 2020 will be determined by the development and direction of the breakdown of the channel boundaries 1/2 Median Line (1.0900 - 1.0950 - 1.1000) of the Minor operational scale forks. We look at the animated chart for the details.

The breakdown of the support level of 1.0900 on the lower boundary of the 1/2 Median Line Minor channel and the update of minimum 1.0879 will confirm the continuation of the downward movement of the single European currency to the warning line LWL38.2 (1.0755) of the Minor operational scale forks.

On the other hand, in case of breakdown of the resistance level of 1.1000 (upper boundary of the 1/2 Median Line Minor channel), the development of the EUR / USD movement will continue in the equilibrium zone (1.1000 - 1.1035 - 1.1070) of the Minuette operational scale forks with the prospect of reaching the boundaries of the 1/2 Median Line Minuette channel (1.1130 - 1.1155 - 1.1188).

The details of the EUR / USD movement options from February 10, 2020 are shown on the animated chart.

This image is no longer relevant

____________________

Great Britain pound vs US dollar

The development of Her Majesty's GBP/USD currency movement from February 10, 2020 will continue depending on the breakdown direction of the range :

  • resistance level 1of .2965 (the upper boundary of the 1/2 Median Line channel of the Minuette operational scale forks);
  • support level of 1.2870 (the lower boundary of the 1/2 Median Line Minor channel).

In case of breakdown of the lower boundary of the 1/2 Median Line channel (1.2870) of the Minor operational scale forks, the downward movement of Her Majesty's currency can continue to 1/2 of the Median Line Minuette (1.2790), and in case of breakdown it will become possible to reach GBP / USD boundaries of the equilibrium zone (1.2645 - 1.2420 - 1.2200) of the Minuette operational scale forks.

On the contrary, in case of breakdown of the upper boundary of the 1/2 Median Line Minuette channel (1.2965), the development of GBP / USD movement in the 1/2 Median Line channel (1.2870 - 1.3150 - 1.3435) of the Minor operational scale forks will be confirmed.

The details of the GBP / USD movement options from February 10, 2020 are shown on the animated chart.

This image is no longer relevant

____________________

US dollar vs Japanese yen

The development of the currency movement of the "country of the rising sun" USD / JPY and from February 10, 2020 will be determined by the development and the direction of the breakdown of the range :

  • resistance level of 109.90 (start line SSL of the Minuette operational scale forks);
  • support level of 109.05 (reaction line RL38.2 Minuette).

The breakdown of the initial SSL Minuette line - resistance level of 109.90 - will lead to the continuation of the development of the upward movement of USD / JPY to the control line UTL (110.50) of the Minuette operational scale forks with the prospect of reaching the boundaries of the equilibrium zone (111.65 - 113.00 - 114.20) of the Minor operational scale forks.

Successive breakdown of support levels :

- 108.50 - reaction line RL38.2 Minute;

- 109.55 - the upper boundary of the 1/2 Median Line Minor channel;

will make it possible for the currency of the "land of the rising sun" to continue to develop in the 1/2 Median Line channel (108.70 - 107.75 - 106.90) of the Minor operational scale forks with the prospect of reaching the upper boundary of ISL38.2 (106.40) equilibrium zone fof the Minuette operational scale forks.

We look at the details of the USD / JPY movement options from February 10, 2020 on the animated chart.

This image is no longer relevant

____________________

The review was compiled without taking into account the news background. Thus, the opening 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 power factors 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 starting date - March 1973, when the main currencies began to be freely quoted relative to each other.

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.