AUDNZD Trend & Momentum 15-Sep-2014

AUDNZD have been up and down for last 2 weeks. AUDNZD had been in upward trend for the first week of Sep, and it has been downward trend for the week after despite the big scale jump observed in middle of the week.

AUD has been weak against several currencies last week, such as USD, CAD or JPY. The trend and momentum indicates AUD will bounce up for this week against those currencies including NZD. The trend & momentum of AUDNZD is seen better fitted though AUD and NZD are volatile currencies.


Tweet

For more currency pairs, the trend & momentum indicators available on Google play.

Sorted out a technical issue on www.qrossx.com 7-Sep-2014

We had a technical issue on www.qrossx.com, today 7-Sep (Sun).

Now, the issue has been sorted out.

This issue may have affected on "Forex Signal by QROSS X".

USDCAD Trend & Momentum 6-Sep-2014

USDCAD has gone up for early last week but the upside was very limited. It was closed a little higher level than beginning of the last week.

Analyzed level is higher than the latest USDCAD, and the trend & momentum indicates downward in next week.

Remarkably, some of major European currencies EUR, GBP or CHF have been shoot down by ECB cutting the interest rate particularly. On the other hand, EURCAD or EURAUD have marked the lowest level in 11 months and 15 months respectively.

AUD is a contrast in the market consensus to EUR as Australian interest rate is expected higher. (Australian Dollar cash rate at 2.50% more than 12 months)




Tweet

For more currency pairs, the trend & momentum indicators available on Google play.

Australian Dollar cash rate at 2.50% more than 12 months

RBA still hold cash rate at 2.50% record low for more than 1 year after the cash rate had gone down in large scale from 2012 to 2013.

Some of the analysts start expecting the cash rate hikes early next year. Once market consensus focus on the increasing rate, cross-AUD pairs will have more clear direction and AUD will be stronger against several currencies.

Source: http://www.news.com.au/finance/money/rba-keeps-interest-rates-on-hold-in-september/story-e6frfmci-1227045102271

USDCAD Trend & Momentum 31-Aug-2014

USDCAD has steeply gone down for last week and closed around 1.087 at the end of the week. CAD has been stronger against some major currencies such as AUD, USD, EUR or GBP. Trend and momentum of USDCAD and AUDCAD are better fitted relatively.

The indicator implies USDCAD reached at bottom of both trend and momentum, and it could be reversed from early next week.


Tweet

For more currency pairs, the trend & momentum indicators available on Google play.

GBPAUD Trend & Momentum 19-Aug-2014

GBPAUD has been declined over the last week, and now it is at around 1.786 less than 1.800.

 The trend & momentum indicate GBPAUD could be reversed to go up in this week while the shorter term momentum shows downward signal at the moment.

GBPAUD had marked above 1.800 most of time for last months, and there seems be pressure pushing back to the level.

On the other hand, there is downward risk in long term scaled such as yearly basis. This issue has been posted here.


Tweet

For more currency pairs, the trend & momentum indicators available on Google play.

NZDUSD, NZDJPY Trend & Momentum 16-Aug-2014

NZD has been stronger against some currencies such as USD, JPY or GBP for last week, inverted against the week before that time.

The trend and momentum indicators are better fitted in NZDUSD and NZDJPY, which imply the upside of them is limited in a coming week at around 0.851 for NZDUSD and 87.35 for NZDJPY respectively.


Long-term trend shows both NZDUSD and NZDJPY state near highest level for last 1-2 years as strong NZD in that period.


Tweet

For more currency pairs, the trend & momentum indicators available on Google play.