Forex Strength And Comparison For Week 8 / 2017

In the currency Strength table the AUD was again the strongest currency while the GBP was the weakest. The JPY gained 3 points last week. All the other currencies remained around the level of the previous week with a maximum difference of just 1 point.

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13 Weeks Currency Score Strength

The 13 Weeks Currency Strength and the 13 Weeks Average are provided here below. This data and the “13 weeks Currency Classification” are considered for deciding on the preferred range. 

1. First of all the strength over a period of the last 13 weeks is considered. See each row for more information.
2. Next the 13 weeks average is considered, see the last row called “Avg. 13 wks.”
3. The number of weeks that a currency was stronger than another currency can also be considered.
4. The Technical Analysis (TA) Charts for each Time Frame could also be consulted.

 

For analyzing the best pairs to trade looking from a longer term perspective the last 13 weeks Currency Classification can be used in support.

This was updated on 12 February 2017 and is provided here for reference purposes: 
Strong: USD, NZD, CAD. The preferred range is from 6 to 8.
Neutral: CHF, AUD. The preferred range is from 4 to 5.
Weak: JPY, EUR, GBP. The preferred range is from 1 to 3.

When looking at the Average 13 wks. Score the USD remains the strongest of all while the EUR remains the weakest. The currencies are grouped together around a level which makes clear to what classification they fit best. For some currencies this may not be very clear, a good example at the moment is the AUD being a Neutral currency but having an Average 13 wks. score of 5,2308 being between the Strong and Neutral currencies. 
This currency is gaining a lot of strength in the last 3 weeks and is clearly the strongest of the Neutral currencies, which are the CHF and AUD.