E Forex Strength And Comparison For February 2017

In the Currency Strength table the NZD was the strongest currency while the EUR was the weakest. The AUD gained 5 points last month and the NZD gained 3 points. All the other currencies remained around the level of the previous week with a maximum difference of just 2 points.

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12 Months Currency Score Strength

The 12 Months Currency Strength and the 12 Months Average are provided here below. This data and the “12 months Currency Classification” are considered for deciding on the preferred range. 

1. First of all the strength over a period of 12 months. See each row for more information.
2. Then the 12 months average, see the last row called “Avg. 12 M.”
3. The number of months that a currency is stronger than another currency can also be evaluated.
4. The TA Charts for each Time Frame can also be consulted.

 

For analyzing the best pairs to trade looking from a longer term perspective the last 12 months Currency Classification can be used in support.

This was updated on 29 January 2017 and is provided here for reference purposes: 
Strong: USD, JPY, NZD. The preferred range is from 6 to 8.
Neutral: AUD, CAD, CHF. The preferred range is from 3 to 5.
Weak: EUR, GBP. The preferred range is from 1 to 2.

When looking at the Average 13 wks. Score the NZD remains the strongest of all while the GBP remains the weakest. The currencies are grouped together around a level which makes clear to what classification they fit best.

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The Weak Currencies + CAD

The CAD was a weak currency and has become this month a Neutral currency. As can be seen in the Chart below the CAD made a clear jump in the last months. The EUR and GBP remain weak losing 2 points each last month. Below is the Monthly Currency Score Chart with 24 months data as a reference.