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 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.

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.

Australian Dollar surging in a coming week? Trend and Momentum 4-Sep-2020

The stock markets have well surged since last April despite Covid-19 having devastated in the world. It is most likely because of the excessive liquidity brought by central banks in major economies. Even though DJIA down more than 800 points yesterday, it is too soon to conclude the upward trend is over.

Back to the topic, the latest Trend and Momentum indicate Australian dollar could surge in a coming week after reaching the bottom. If you want to see the Trend and Momentums for other FX pairs, visit: QROSS X - Trend and Momentums.

AUDCAD Trend and Momentum

AUDJPY Trend and Momentum

AUDUSD Trend and Momentum

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Godfather says: I spent my whole life trying not to be careless.

Godfather's discipline is worth not only for mafia nor yakuza but also for investors and traders.

Don Vito Corleone:

I spent my whole life trying not to be careless. Women and children can be careless. But not men.

Since the worst week for global stock markets, investors and traders should have been pessimistic under the market turmoil due to the fear of Covid-19 so called Coronavirus.
As the share price plunged overwhelmingly plunged last week, modest bounce back could have been expected at the beginning of this week. But how many of them could confidently foresee today's market swing, particularly in US markets where DJIA (Dow Jones Industrial Average) shot up above 5.0% in a single day?  There were some positive signs in the markets today, as Bank of Japan and Bank of England ensured their help for the Coronavirus crisis, and Mr.Trump slammed Fed "slow to act". Meanwhile, RBA (Reserve Bank of Australia) will be the first to have the rate decision at 2:30PM on 3-Mar (Local time). Some says that RBA will be forced to cut the rate because of the market turmoil, but US markets closed with huge recovery today and it became unclearer if RBA will cut or keep the rate.

While the markets turned positive today, we didn't get any breakthrough against Coronavirus. For a last few days, we were talking about supply chain problem, travel restriction and economic damage by them. Some says the global GDP could lose a quarter of the forecast even in "mild" scenario whose other scenarios are "modest" and "severe" respectively. The number of cases are now increasing outside of China, including Europe and US as concerned.

As more analysis results came out over the weekend, those mitigated uncertainty of the impact of Coronavirus. But negative outlook looms for coming months possibly beyond 2020. During the financial crisis in 2008, the markets had been down to the bottom on a bumpy ride. It is still likely to see the second round of massive sell-off near future, perhaps in this month again. Who knows?
That's why we have to learn from Godfather's discipline.

Japanese and Russian stock markets opening just after the bank holiday 24-Feb-2020

Global stock market plummeted on this Monday as Coronavirus (Covid 19) outbreak severely hit South Korea and Italy over the last weekend. One of the big Asian markets, Japan had a bank holiday this Monday and it is opening in a few hours from this time since the other market dived into the bloodbath. Japan is also facing uncertainty of Coronavirus spreading as increasing number of patients even excluding ones from Diamond Princess. Russia had a bank holiday on this Monday, too.

In the mean time, Japanese index Nikkei 225 futures market has gone down around 4.7%, and the index's opening price is also expected down near by the same level after the fair value adjustment.

Along with the Japanese market, other Asian and Pacific markets are also opening in the near time zone. If the other markets were bouncing back from the last miserable closing, the potential damage on Japanese market could be limited. This Monday, Australia's ASX 200 index has gone down by 2.25% but its future market does not indicate clear relief yet. US market was also bearish, which was the worst in 2 years. Dow Jones Industrial Average has lost more than 1,000 points equivalent to nearly 3.6%.

Sometimes, good news are suddenly coming in, but Asian and Pacific markets could not be optimistic yet, particularly Japanese market.

Here is the list of global stock indexes.

[Asia & Pacific]

(Australia) S&P/ASX 200
(China) SSE Composite Index

(Hong Kong) Hang Seng Index
(India) S&P BSE SENSEX

(Japan) Nikkei 225 Index
(New Zealand) S&P/NZX 50
(S Korea) KOSPI Index

(Singapore) STI Index

[Europe / Middle East]

(France) CAC 40

(Germany) DAX

(Italy) FTSE MIB

(Norway) OSLOStock Exchange All Index

(Russia) RTSI Index

(Saudi Arabia) Tadawul All-Share Index
(Spain) IBEX 35

(Sweden) OMX Stockholm 30
(Switzerland) Swiss Market Index
(UAE) Abu Dhabi Securities Market General Index

(UK) FTSE 100

[Africa]

(Nigeria) Nigerian Stock Exchange All Share Index
(South Africa) FTSE/JSE Africa All Share Index

[North/South America]

(Brazil) IBOVESPA

(Canada) S&P/TSX Composite index

(US) Dow Jones Industrial Average

US Dollar surging as its trade tension with China eased 1-Jul-2019

After G20 conference in Osaka, US Dollar has been surging against other currencies as the market sees US's trade tension with China eased.
>> CNBC: Dollar advances to 2-week high after US-China trade tensions ease

The below charts describe AUDUSD and EURUSD respectively since the late last week.

[AUDUSD]

[EURUSD]

On 27-Jun last week, we picked up the Trend and Momentum for AUDUSD and EURUSD. Maybe coincident? or the signal just worked? Who knows...

To check Forex trading signals, download Forex Signal by QROSS X.

US Dollar bullish shortly? Trend and Momentum on 27-Jun-2019

For the last few months, the world have been in geopolitical turbulence, consisting of US-China trade tension and US-Iran relation symbolically. UK's new prime minister will be designated by the end of July, while the recent poll indicates Mr.Boris Johnson is more likely to be a new PM than the foreign secretary Mr.Jeremy Hunt.

>> UK’s next prime minister — who are the lead candidates?

Let's shift the gear to technical matters, USD is expected to surge in a coming week according to the Trend and Momentum. The signal is more particularly observed in AUDUSD and EURUSD.

AUDUSD

[AUDUSD Trend and Momentum as of 27-Jun-2019]

EURUSD

[USD Trend and Momentum as of 27-Jun-2019]

To check Forex trading signals, download Forex Signal by QROSS X.

Australian Dollar surging in a coming week? Trend and Momentum on 30-Apr-2019

Australian Dollar (AUD) 's performance has been bearish for about last two weeks against some major currencies CAD or USD while NZD has been even weaker since the end of March.

Australian economy fairly depends on Chinese economy which is under pressure, and the second biggest economy could drive Australian economy and the value of its currency.

As a matter of technical indicators for the short term, the Trend and Momentum are indicating AUD could be surging in a coming week, and quick downturn after surging is also anticipated.

AUDCAD

[AUDCAD Trend and Momentum as of 30-Apr-2019]

AUDUSD

[AUDUSD Trend and Momentum as of 30-Apr-2019]

To check Forex trading signals, download Forex Signal by QROSS X.

USD downward trend in a coming week?

ECB's (dovish) decision shocked Forex market yesterday as their negative outlook to the European economy and geopolitical uncertainties over the world, such as Brexit, US-China trade war, ...

On the other hand, in short term horizon, USD have been relatively stronger for a last couple of week against major currencies JPY, CHF, AUD, NZD, GBP and EUR of course. Our trend and momentum signals indicate this bullish USD could get bounce back. In the next week, more stories about Brexit anticipated, the market could turn more negative mood. If it is, JPY or CHF which are traditionally safe asset in bearish market can be relatively stronger in the negative market.

Here are some of snapshots from the trend and momentum charts. Those are as of the beginning of today (UTC).

[GBPUSD Trend and Momentum 8-Mar-2019]

[AUDUSD Trend and Momentum 8-Mar-2019]

[EURUSD Trend and Momentum 8-Mar-2019]

EURUSD jumped after yesterday's ECB decision.




[NZDUSD Trend and Momentum 8-Mar-2019]

[USDCHF Trend and Momentum 8-Mar-2019]

[USDJPY Trend and Momentum 8-Mar-2019]

To check Forex trading signals, download Forex Signal by QROSS X.

GBP against AUD, CAD and NZD in a few coming days. Follow the Brexit issues.

Once we have continuously picked up Trend and Momentum analysis from the list of FX. (You will find all of them on our website or Android app)
Those were just the examples which are expected to help users to understand how to see the Trend and Momentum indicators. Since our last update was long while ago, it seems be harder to find our articles in old days. It's probably reasonable to update some examples in the latest market now.

According to the update on the beginning of 22-Feb (UTC), the analysis result had indicated downward trend in GBPAUD, GBPCAD and GBPNZD. Those have downed by approx 0.40%, 0.60% and 0.55% respectively. While the momentary backlash would be likely, the Trend and Momentum still shows further room to downward.

[GBPAUD Trend and Momentum on 22-Feb-2019 UTC]

Last closed at 1.831.
Analyzed bottom by 1.80 (-1.69%).







[GBPCAD Trend and Momentum on 22-Feb-2019 UTC]

Last closed at 1.714.
Analyzed bottom by 1.70 (-0.82%).







[GBPNZD Trend and Momentum on 22-Feb-2019 UTC]

Last closed at 1.90.
Analyzed bottom by 1.88 (-1.05%).







It's just a reminder that GBP would be sensitive to Brexit issues including some speculations. A new Brexit deal is expected to be reached by 26-Feb next week. Otherwise, Theresa May would return to House of Common for further discussion with MPs.

[BBC] Brexit: What happens now?
If the EU were to agree to changes and MPs backed the adjusted deal, that would be a great result for Theresa May.

But senior EU politicians have said they will not reopen the legal text of the withdrawal agreement that they negotiated with the UK.

If MPs aren't satisfied with any adjusted deal put before them they could reject it again. Theresa May has also promised that even if she can't get the changes she's after, she would return to the House of Commons yet again on 27 February and allow MPs a further day of debate.


To check Forex trading signals, download Forex Signal by QROSS X.

Correlation AUD vs Commodities 29-May-2016

The oil price is bounce back in 2016, where we see US$48 for WTI crude oil price, and it was around $37 at the end of 2015.
More remarkably, the gold price have been upward trend since early this year, where XAU/USD is 1220, and it was around 1062 at the end of 2015.

Australian dollar (AUD) is historically correlated with commodity price as commodity trade is one of their major export. The below figure shows 3 month correlation AUD vs Crude oil and AUD vs XAU respectively.

As seen there, those correlations have positive values, particularly with XAU. Although RBA cut the interest rate and AUD got weaken, AUD is fundamentally strong from the point of commodity price.
XAU is usually bought against USD when uncertainty is anticipated. US is having the presidential election which could be an uncertain factor (geo)politically.
Recovery of the oil price also support increasing commodity price.
Australia has kept the highest ratings, AAA (S&P), Aaa (MDY) and AAA (Fitch), which are evaluated in stable.
AUD has been sold for last 3-4 years due to their monetary policy, but it has fundamentally very positive perspectives.

Back to the correlation matter, currently 3 month correlation shows -10.0% in AUD vs XAU and -19.0% in AUD vs Crude oil. As seen in historical data, those correlations are likely to bounce back to highly positive territory soon or later. As far as the upward trend of commodity price keep ahead, AUD is expected to be upward trend, too.

By the way, our business Apps are available on Google play. Of course, they are free.
>> Forex signal by QROSS X
>> Newsensus [Business & Economy]

British Pound remarkably low against major currencies 25-Feb-2016

Since the beginning of this month, GBP has sharply gone against major currencies such as USD, JPY, AUD or NZD though GBP peaked out in last Autumn of 2015.

Compared with the level at the end of 2015, GBPJPY got the sharpest decline more than 12.0% down, GBPUSD is following down at 6.0%, and even against AUD and NZD, GBP has gone down 5.0% and 3.6% respectively.

Due to the rate cut of AUD and NZD for a last few years, GBP and other currencies have been relatively stringer against AUD and NZD whose interest rates are more stable now than before.
However, even though their rates had been cut, the policy rate in

Australia is still 2.0% and it is 2.5% in New Zealand while the rate in England is only 0.50%. Also looking at the credit rating of sovereign debts of them, S&P rated AAA (stable) for Australia, AA (stable) for New Zealand and AAA (negative) for United Kingdom. Simply thinking, Australia has better credit rating and more interest rate, which of Australian or English debt do you want to invest?

We cannot miss out that global stock markets have been downward and volatile since the beginning of the year. The market shows

some symptoms of financial crisis, particularly strength of JPY and weakness of GBP. Remember Lehman crisis 2008, JPY had been the strongest currency in the market.
What happened in crisis probably happens now again, it is still a question from the view of investment because Japan has S&P rating only A+ (stable) and negative interest rate at -0.1%. Do you want to invest?

2015 was geopolitically unstable year, and 2016 will be economically and (geo)politically unstable due to the volatile market, US president election, Brexit, Spanish goverment, ...


Keep yourself to follow the global economy more efficiently, why not use Newsensus. Available on Google Play.

AUDCAD trend & momentum, economic figures released in a coming week 7-Dec-2015

AUDCAD stays around 0.9816 now, and it has steeply gone up for a last week. The latest trend and momentum signal indicates AUDCAD is expected to be reversed into downward trend for a coming week. Keep in mind that economic figures will be released over the week in both Australia and Canada. While technical analysis works under economic events, checking the predictable events maximizes your profit from trading activity.

The Sydney Morning Herald >> Flood of leading indicators arrive this week
The ANZ job ads, National Australia Bank's business confidence and conditions, and the Westpac-Melbourne Institute consumer sentiment index come in early this week.
The business and consumer confidence figures will be watched for signs that a wave of approval following Malcolm Turnbull's appointment in September as Prime Minister was more than just a honeymoon period. Westpac-MI's consumer sentiment index in particular read 101.7, a near two-year high, last month. A number over 100 signals that optimists outweigh pessimists.

Wall Street Journal >> Key Canada Events: Week of December 7 to 11
Highlights on this week’s Canadian events calendar include a speech by Bank of Canada Governor Stephen Poloz, the latest read on the country’s housing market and earnings from a few big retailers.

Stephen Poloz, governor of Canada’s central bank, is scheduled to deliver a speech in Toronto on Tuesday. The topic of his speech, after which Mr. Poloz will take questions, is entitled “The Evolution of Unconventional Monetary Policy.” The governor’s appearance comes less than a week after the central bank held its key interest rate steady at 0.5% and said Canada’s economy faces a “complex and lengthy” transition amid lower commodity prices.

Also on Tuesday, Canada’s main housing agency – Canada Mortgage and Housing Corp. -- will release housing starts for November. National Bank said it expects a softening in starts to around 195,000, based on declining building-permit applications. Building permits unexpectedly declined in September -- the latest reading -- on weaker demand to construct condominium units and single-detached homes. Housing starts in October fell 14.4% to an annual rate of 198,065.

Market events from 23-Nov-2015

The market events which are likely to affect to FX market. Find out more at QROSS X.

18:00 23-Nov, GMT, US 2 year Note Auction;
    Key currency >> USD

00:05 24-Nov, GMT, Australia RBA Governor Glenn Stevens speech;
    Key currency >> AUD

09:00 24-Nov, GMT, UK Inflation Report Hearings;
    Key currency >> GBP

15:30, 24-Nov, GMT, Canada Bank of Canada Review;
    Key currency >> CAD


To check Forex trading signals, download Forex Signal by QROSS X.

GBPAUD trend & momentum 18-Oct-2015

GBPAUD had been downward trend since beginning of Oct, and it has bounced back to half of the early decline. GBPAUD is currently at around 2.12.

The trend and momentum indicates GBPAUD can go up to around 2.15 as peak in a coming week. The signal also indicates the upward trend could end shortly, and it is reversed into downward trend again in a week.

Under the recent geopolitical risk, UK and Australia are relatively stable situation at the moment. Eurozone, particularly Germany, is struggling on unexpected crisis, such as increasing refugees and Volkswagen scandals.

To check more signals in other Forex pairs, download Forex Signal by QROSS X.

GBPAUD trend & momentum 25-Sep-2015

GBPAUD has stayed above 2.10 for a long time while it was 1.40 - 1.50 in 2012.

The trend and momentum indicates GBPAUD is expected downward trend for a coming week.  Since Australian prime minister has changed, Australian policy has to be observed how it affects to the financial market.

Too soon to call it "Crisis"? 22-Aug-2015

SSE Composite Index in CNY and USD

Stock price has steeply gone down in major economic zones in the world, lead by Chinese market, followed by such US, UK, Western Europe, Asia and Pacific.

Without particular events, such as Sub-prime loan crisis or Lehman crisis, the crisis is defined after the stock market crashed into bottom. Although the stock market has plunged sharply, in SSE Composite Index, the current level is still almost same or slightly above the level at the beginning of this year.

This is both in CNY and USD.

S&P/ASX 200 in AUD and USD

It means, even though CNY itself has been devalued this month, the stock index is still higher than the value at beginning of the year.

However, looking at Australian stock index S&P/ASX200, the level is already record low within last 4 - 5 years in USD, while it is still above the level at beginning of 2015 in AUD. This is because of weakness in AUD in last 3 years.

The stock market is highly correlated as realized last October or movement in this month.

CITY A.M. >> Chaos on European markets as FTSE 100 tumbles, while S&P 500 crashes below 2,000 points

There still seems be room where Chinese stock market is going down, the correlation could bring more chaos into other economic zones than China itself.

See Stock indexes for other economic zones.

Check international business news on Newsensus. Available on GooglePlay