Forex Strength And Comparison For Week 29

For analyzing the best pairs to trade looking from a longer term perspective the last 3 months Currency Classification can be used in support.
This was updated on 10 July 2016 and is provided here for reference purposes:
Strong: USD, JPY, NZD. The preferred range is from 6 to 8.
Average: CHF, CAD. The preferred range is from 5 to 6.
Weak: EUR, AUD, GBP. The preferred range is from 1 to 3.

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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 “3 months currency classification” are considered for deciding on the preferred range. Because it is not ideal nor desired to change the range for a currency every single week, we perform several checks to avoid this.

1. First of all the strength over a period of 13 weeks. See each row for more information.
2. Then the 13 weeks average, see the last row called “Avg. 13 wks.”
3. The number of weeks that a currency is stronger than another currency can also be evaluated.
4. The TA Charts for each Time Frame can also be consulted.
5. Besides these the “13 weeks Currency Classification” chart of each currency is also consulted and compared.

 

In this article the chart of the strong currencies is provided here below. It is clear to see that the JPY is the strongest over the last period. The NZD is moving between the average and the strong area being more stable than the USD which is also sometimes in the weak area.
At this moment the NZD has the lowest 13 Weeks Average strength being 5,3077 but it is clearly far away from the average currencies showing values of around 4,3.
In the “Currency Score comparison” Table of this article are some good combinations and also for the NZD being in a pull back. It may offer a good step in opportunity.

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Currency Score Comparison