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.

European currencies [GBP, EUR and CHF] are surging against JPY in a coming week?

As the major stock indices in US, European and some Asia-Pacific markets have sharply tumbled this week, their monthly declines are marking the worst in the last several months respectively.

Japanese yen which is typically considered as a safe haven has gained for the time, and the Trend and Momentums indicate some European currencies could bounce back against JPY in a coming week.

GBPJPY Trend and Momentum

EURJPY Trend and Momentum

CHFJPY Trend and Momentum

The time is based on Universal time (UTC).

[A.I.'s review (GBPJPY)]

Range forecast: 134.51 (-0.52%)  -  135.93 (+0.53%) until the end of next Monday morning.

Confidence: 74.7%.

The chance of Downside swing is still considerable by the end of next Monday morning. The swing risk will be neutralized after that time.

[A.I.'s review (EURJPY)]

Range forecast: 121.43 (-0.34%)  -  122.26 (+0.35%) until the end of next Monday morning.

Confidence: 71.5%.

The chance of swing is little biased toward any directions by the end of next Monday morning. Then, the Upside swing is more considerable by the end of next Wednesday morning, and the swing risk will be neutralized.

[A.I.'s review (CHFJPY)]

Range forecast: 113.07 (-0.72%)  -  114.35 (+0.4%) until the end of next Monday morning.

Confidence: 75.6%.

The chance of Upside swing is a little more likely than Downside by the end of next Monday morning. Then. the Upside swing is more considerable by the end of next Tuesday morning. 

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

Swiss Franc (CHF) bullish in a coming week? Trend and Momentum on 5-Jul-2019

As a result that Switzerland and EU failed to agree on their future relationship, the investors of each economy are not able to trade stocks listed on each other's stock exchange since last Monday. While the impact for the long term is still not clear, some says there is no immediate impact on Swiss side and EU maybe more badly affected. Another source says high frequency traders will be the most affected badly.

>> [SWI] Has the EU scored an own goal with Swiss stock exchange freeze?
>> [Bloomberg] Swiss Stocks Trade Smoothly on Day One Without EU Recognition

In the meantime, some trend and momentum of CHF indicates that CHF could surge in a coming week. Picked up some better fitted ones, here is the trend and momentum of CHFJPY and USDCHF respectively.

[CHFJPY]

[USDCHF]

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