Forex Strength And Comparison For Week 45 / 2016

In the last week the NZD was the strongest currency and the CAD the weakest. The JPY recovered from the dip and got stronger and the GBP succeeded to get a score of 3 after having been below this score for 8 weeks. The USD lost a lot of strength and is in a dip with a score of 2. 

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13 Weeks Currency Score Strength

The 13 Weeks Currency Strength and the 13 Weeks Average are provided here below.

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 TA Charts for each Time Frame could also be consulted.

 

This was updated on 25 September 2016 and is provided here for reference purposes:

Strong: USD, JPY, NZD. The preferred range is from 6 to 8.
Neutral: CHF, AUD. The preferred range is from 4 to 5.
Weak: EUR, GBP, CAD. The preferred range is from 1 to 3.

The USD(Strong) has still an average score higher but close to the AUD(Neutral). It had however 8 times a higher score in the last 13 weeks so it is clearly still stronger but may become a Neutral currency.
The average score difference of the EUR(Weak) is now significant compared to the CHF(Neutral), this was different in the weeks before. Although the EUR is the strongest currency of all the Weak currencies, the average score it is still too distant from the range of the Neutral currencies, the AUD and CHF.

 

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The Strong Currencies

The NZD recovered from the dip in the last weeks and is the last 2 weeks the strongest currency. The JPY is coming back to the range of the strong currencies ans seems to leave the lower scores of the last period behind. The USD however is now the strong currency in a dip and because of that the difference between the average score of this currency and the strongest Neutral currency, the AUD, has become smaller. Below you can see the Weekly Currency Score Chart with the 6 months data as a reference.