Forex Strength And Comparison Week 41 / 2017

In the Currency Strength table, the EUR was again the strongest currency while the NZD was the weakest. There were some significant changes last week with the JPY gaining 3 points, the CAD gaining 2 points, the GBP losing 3 points and the CHF with the NZD losing 2 points. The other currencies remained around the same level of last week with a maximum change in the strength of just 1 point.

The USD and the JPY showed a very strong performance at the end of the week against all the currencies with the USD being slightly stronger. These are weak currencies and may for that reason be difficult to trade as the stronger currencies in the coming week.
The GBP and the NZD showed a very weak performance at the end of the week against all the currencies with the GBP being slightly weaker. These currencies fit exactly with their current performance in the Classification and Score that they have and may offer good opportunities to be traded against in the coming week.
The EUR showed a stable performance during the week and remains strong for several weeks. This currency may offer good opportunities when trading against the GBP and NZD. 

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. 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 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.

Average 13 wks. Score

When looking at the Average 13 wks. Score we can see the currencies grouped together according to their classification. 
There may be some doubt and in that case it could be a currency that will change its classification in the coming weeks. There are no such currencies at the moment.