Forex Strength And Comparison For Week 26

For analyzing the best pairs to trade looking from a longer term perspective the last 3 months Currency Classification can be used in support.

Strong: USD, JPY, NZD. The preferred range is from 6 to 8.
Average: EUR, CHF, CAD. The preferred range is from 4 to 6.
Weak: AUD, GBP. The preferred range is from 1 to 2.

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13 Weeks Currency Score Strength for Week 26 / 26 June 2016

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.

 

As can be see in the “Currency Strength Table” here above the USD and the NZD has gained strength lately. For that reason these currencies has changed classifiction as from today and are now classified as a strong currency. Here below is a chart with the Currency Scores of the USD and the NZD.

The CHF has lost strength lately compared to the USD, JPY and the NZD. For that reason this currency has now a classification of an average currency.

 

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Currency Score Comparison for Week 26 / 26 June 2016

“Comparison table” and the “Ranking and Rating list”

The Forex Currency Comparison Table compares each currency with its counterpart based on the Currency Score. The information from the Comparison Table is the source for calculating the “Ranking and Rating List” where this list uses additionally the volatility and statistics for creating the best and worst performer in the list from number 1 to 28.