A.I. Range forecast for 30-Nov-2020 [Popular pairs against JPY]

A.I. Range forecasts of popular pairs against JPY until the end of Monday (UTC). For some whose last Trend and Momentum have been better fitted, their figures are also available below.

Japan is one of the biggest markets where FX trading is active among the private and corporate investors.

[AUDJPY]

Range forecast: 76.414 (-0.59%)  -  77.321 (+0.59%).

Confidence: 74.6%.

The chance of Downside swing is more considerable.

[EURJPY]

Range forecast: 124.1 (-0.34%)  -  124.64 (+0.1%).
Confidence: 71.6%.
The chance of Downside swing is more considerable.

[GBPJPY]

Range forecast: 138.12 (-0.31%)  -  138.6 (+0.04%).

Confidence: 73.9%.

The chance of Downside swing is more considerable.

[USDJPY]

Range forecast: 103.59 (-0.49%)  -  104.26 (+0.15%).

Confidence: 69.9%.

The chance of Downside swing is more considerable.

To check Forex trading signals on your Android devices, download Forex Signal by QROSS X.

A.I. Range forecast for 26-Nov-2020 [AUDJPY | EURGBP | EURNZD | EURUSD | GBPUSD | USDJPY]

The range forecasts of selected FXs for next 24h. The time-line is based on UTC as usual.

[AUDJPY] To the QROSS X Trend and Momentum

Range forecast: 76.409 (-0.43%)  -  77.144 (+0.52%) , for next 24 hours.
Confidence: 73.7%.

[EURGBP] To the QROSS X Trend and Momentum

Range forecast: 0.88877 (-0.28%)  -  0.8943 (+0.34%) , for next 24 hours.

Confidence: 69.7%.

[EURNZD] To the QROSS X Trend and Momentum

Range forecast: 1.6953 (-0.29%)  -  1.704 (+0.22%) , for next 24 hours.

Confidence: 74%.

[EURUSD] To the QROSS X Trend and Momentum

Range forecast: 1.187 (-0.28%)  -  1.1951 (+0.4%) , for next 24 hours.

Confidence: 73.2%.

[GBPUSD] To the QROSS X Trend and Momentum

Range forecast: 1.3329 (-0.18%)  -  1.3419 (+0.5%) , for next 24 hours.

Confidence: 74.4%.

[USDJPY] To the QROSS X Trend and Momentum

Range forecast: 104.12 (-0.13%)  -  104.48 (+0.21%) , for next 24 hours.

Confidence: 72.8%.

To check Forex trading signals on your Android devices, download Forex Signal by QROSS X.

A.I. Range forecast for 23-Nov-2020 [AUDJPY | EURGBP | EURUSD | GBPUSD | USDJPY]

The range forecasts of selected FXs for 24h from the next market opening. The time-line is based on UTC.

[AUDJPY] To the QROSS X Trend and Momentum

Range forecast: 75.643 (-0.22%)  -  75.968 (+0.21%) , by the end of Monday.
Confidence: 71.9%.
The chance of Downside swing is a little more likely than Upside.

[EURGBP] To the QROSS X Trend and Momentum

Range forecast: 0.88843 (-0.41%)  -  0.89316 (+0.12%) , by the end of Monday.
Confidence: 65.5%.
The chance of Upside swing is more considerable while Upside margin is limited.

[EURUSD] To the QROSS X Trend and Momentum

Range forecast: 1.1838 (-0.16%)  -  1.1885 (+0.24%) , by the end of Monday.
Confidence: 66.3%.
The chance of Upside swing is more considerable.

[GBPUSD] To the QROSS X Trend and Momentum

Range forecast: 1.3148 (-1.06%)  -  1.3354 (+0.49%) , by the end of Monday.
Confidence: 66%.
The chance of Upside swing is more considerable while Upside margin is limited.

[USDJPY] To the QROSS X Trend and Momentum

Range forecast: 102.96 (-0.83%)  -  104.49 (+0.64%) , by the end of Monday.
Confidence: 68.5%.
The chance of Upside swing is more considerable.

To check Forex trading signals on your Android devices, download Forex Signal by QROSS X.

A.I. Range forecast + Trend and Momentum for 18-Nov-2020 [EURJPY | GBPJPY]

Here are the forecasts for EURJPY and GBPJPY respectively as their Trend and Momentums are well fitted this time. The range forecast is for next 24 hours.

[EURJPY] To the QROSS X Trend and Momentum

Range forecast: 123.14 (-0.27%)  -  123.84 (+0.3%) , for next 24 hours.
Confidence: 74.2%.
The chance of Downside swing is a little more likely than Upside.

[GBPJPY] To the QROSS X Trend and Momentum

Range forecast: 137.68 (-0.32%)  -  138.93 (+0.58%) , for next 24 hours.
Confidence: 75.6%.
The chance of Downside swing is more considerable.

To check Forex trading signals on your Android devices, download Forex Signal by QROSS X.

A.I. Range forecast for 13-Nov-2020 [EURGBP | EURUSD | USDJPY]

The range forecasts for selected FXs until around the Monday afternoon. The time-line is based on UTC.

[EURGBP]

Range forecast: 0.89604 (-0.28%)  -  0.90099 (+0.27%) , until around the Monday afternoon.
Confidence: 63.7%.

The chance of Downside swing is a little more likely than Upside.

[EURUSD]

Range forecast: 1.1803 (-0.17%)  -  1.184 (+0.14%) , until around the Monday afternoon.
Confidence: 63.8%.

The chance of Downside swing is more considerable.

[USDJPY]

Range forecast: 104.55 (-0.15%)  -  104.92 (+0.21%) , until around the Monday afternoon.
Confidence: 69.6%.

The chance of Downside swing is a little more likely than Upside.

A.I. Range forecast + Trend and Momentum for 13-Nov-2020 [AUDNZD | GBPCAD | CHFJPY]

 The range forecasts for selected FXs until the end of Monday morning. The time-line is based on UTC.

[AUDNZD] To QROSS X Trend and Momentum

Range forecast: 1.0585 (-0.29%)  -  1.0652 (+0.34%) , until the end of Monday morning (UTC).
Confidence: 75.8%.

[GBPCAD] To QROSS X Trend and Momentum

Range forecast: 1.7235 (-0.34%)  -  1.7398 (+0.6%) , until the end of Monday morning (UTC).
Confidence: 72.3%.

[CHFJPY] To QROSS X Trend and Momentum

Range forecast: 114.38 (-0.23%)  -  114.88 (+0.21%) , until the end of Monday morning (UTC).
Confidence: 73.8%.

To check Forex trading signals on your Android devices, download Forex Signal by QROSS X.

Why the internal market bill is controversial in Brexit-deal?

The last September, UK politics reopened arguments about the Brexit-deal by introducing an internal market bill which could potentially breach the international law. It was a bit sensational as former PMs, including David Cameron and Theresa May joined to condemn the bill.

BBC news: Fifth ex-PM speaks out against post-Brexit bill

David Cameron has become the fifth former prime minister to criticise a new bill attempting to override the Brexit withdrawal agreement.

No 10 says the Internal Market Bill was a "critical piece of legislation for the UK".

But Mr Cameron said he had "misgivings" over it and breaking an international treaty should be the "final resort".

Former Tory PMs Theresa May and Sir John Major, and Labour's Tony Blair and Gordon Brown have condemned the plan. 

Since then, most of the critics focused on the government's attempting to override the Brexit withdrawal deal and a possibility of breaching the international law. But it seems little is said about how the controversial bill could fail to abide the law.

It is a little patchy information below but it is basically about the Northern Ireland Protocol preventing a hard border between Northern Ireland and Irish Republic.

BBC news: Brexit: Ministers plan laws overriding part of withdrawal deal

Meanwhile, the government will publish its Internal Market Bill - designed to protect trade arrangements between the four parts of the UK - on Wednesday.

This could contradict the Northern Ireland Protocol, set up to prevent a hard border between Northern Ireland and the Irish Republic, which many fear could be detrimental to peace.

The protocol says Northern Ireland will follow some EU customs rules - meaning customs declarations for goods moving from Northern Ireland to Great Britain, as well as some new checks on goods going from Great Britain into Northern Ireland - after the transition period.

The Financial Times said the bill would "eliminate" the legal force of the Withdrawal Agreement, struck less than a year ago between the UK and EU, in areas including state aid and Northern Ireland customs.

On the other hand, what the new bill rules:

BBC news: What is the row over UK 'internal markets' all about?

Right now, the UK is part of the European single market, with jointly agreed regulations and standards right across the continent.

Post-Brexit, the UK government wants to continue to have a joint market across England, Scotland, Wales and Northern Ireland - the "internal market".

But instead of the rules and regulations around things like food and air quality and animal welfare being set in Brussels, now they have to be set closer to home - and there is a row over who should have the final say.

Many powers are set to be directly controlled by the Scottish, Welsh and Northern Irish administrations, in fields including food labelling, energy efficiency and support for farmers.

However, the UK government has said the devolved administrations will still have to accept goods and services from all other parts of the UK - even if they have set different standards locally. 

The latter implies that Northern Ireland will have to accept some goods and services from the other administrations of UK regardless of the different quality standards on goods and services. The former says Northern Ireland will follow some EU customs rules so as to prevent the hard border between them and Irish Republic. Those lead to a conclusion that the argument arises because Northern Ireland will have to accept the goods and services from the other parts of UK, which do not complying with EU custom rules to be applied. Having sorted out so far, this is a substance of the argument about the internal market bill.

A.I. Range forecast for 2-Nov-2020 [AUDJPY | EURGBP | EURUSD | USDJPY]

The range forecast until the end of next Monday for some major FXs. The time-line is based on UTC.

[AUDJPY]  To QROSS X Trend and Momentum

Range forecast: 73.032 (-0.62%)  -  73.664 (+0.24%) by the end of next Monday.
Confidence: 74.1%.
The chance of Downside swing is more considerable.

[EURGBP]  To QROSS X Trend and Momentum

Range forecast: 0.89689 (-0.29%)  -  0.90848 (+1%) by the end of next Monday.
Confidence: 78.1%.
The chance of Upside swing is more considerable.

[EURUSD]  To QROSS X Trend and Momentum

Range forecast: 1.1625 (-0.18%)  -  1.1668 (+0.19%) by the end of next Monday.
Confidence: 68.3%.
The chance of Downside swing is more considerable.

[USDJPY]  To QROSS X Trend and Momentum

Range forecast: 104.26 (-0.34%)  -  104.75 (+0.13%) by the end of next Monday.
Confidence: 67.8%.
The chance of Upside swing is more considerable while the expected margin will be limited.

It is possible that the Trend and Momentum indicate the different direction against the A.I.'s review.

As many are aware, the US presidential election is being held on 3-Nov in US time. Financial markets, including FX, are possibly impacted according to the outcome. It must be kept in mind.

Regarding Brexit, the internal market bill is being scrutinized and voted in the House of Lords on 9-Nov. Since the bill includes some controversial clauses, there is a certain possibility the Peers could block the bill. It is 2 months to go until the transition period is over.