Cross pair analysis for the major forex pairs
Cross pair analysis reads a pair from both of its currencies at once, because a pair only moves when one side is stronger than the other. Forex Fundamentals does this for every pair in the desk’s book and gives each a Call: Buy, Sell or Range, with a trade score for how firmly the desk holds it. You see where the fundamental case is widest before you open a chart.
| Pair | Our call | Trade score |
|---|---|---|
| AUD/JPY | Buy | +64 |
| EUR/CHF | Sell | −51 |
| GBP/NZD | Buy | +38 |
| USD/CAD | Sell | −27 |
| NZD/JPY | Buy | +19 |
What you see for each pair
The Currency pairs page holds the desk’s whole book in one view: a heatmap of every currency against every other, or the same book as a table. For each pair you get:
- the Call, Buy, Sell or Range, with the reasons behind it;
- the trade score, from −100 to +100: the sign gives the side of the base currency, the size how firmly the desk holds the Call;
- what would refute the Call, with its threshold and when the desk will know;
- on the pair’s own page, the trade score opened into its eight parts, from macro to positioning and the catalyst, as points out of their maximum, where the desk published them.
One currency, many pairs
Buying the yen against six currencies is one bet on the yen, not six. Narratives you can trade, at the foot of the page, counts each currency the desk buys once, however many pairs it buys it through.
Each one opens onto the pairs that carry it, how far each has moved since its own Call, and why a pair is not working when it is not. So you can pick the pair that expresses the idea best, rather than the one you always trade.
How the desk works
Every Bias, Score and Call comes from the same routine.
It reads the sources: central banks, statistics offices and the CFTC’s positioning report.
It scores each of the ten currencies Factor by Factor; the Score adds them up.
It gives each currency a Bias with a Confidence, and each pair it trades a Call: Buy, Sell or Range.
It writes down why, and what would change the call.
It reads a call again when the data behind it changes: a release, a central-bank decision, a shift in positioning.
It is research, not a signal service: entry, size and exit stay yours.
Questions
What is a cross pair?
Strictly, a pair without the US dollar, such as EUR/GBP or AUD/JPY. The analysis covers the crosses and the dollar pairs alike: every pair in the desk’s book is read from both of its currencies.
Is a Call a trade signal?
No. It says which side the fundamentals favour and how firmly the desk holds that view. When to enter, how much to risk and where to exit stay your decisions.
Can I check my own trades against it?
Yes. A Position you record in the dashboard keeps the Call that was in force when you opened it, so you can see whether you traded with the fundamentals or against them.
Forex Fundamentals is research, not investment advice: entry, size and exit stay yours. Trading foreign exchange carries risk.