Forex Currency Score Classification: Week 20

This article provides the Currency Classification for the coming weeks based on my analysis for the 8 major currencies. This is based on the technical analysis charts using the MACD and Ichimoku indicator on 4 time frames: the monthly, weekly, daily and 4 hours. The result of the technical analysis are the Currency Classifications charts in this article.

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Last 3 months currency classification updated on Week 20, 15 May 2016

The last 3 months currency classification from a longer term perspective are provided here with the new charts:

Strong: JPY / CAD / CHF. The preferred range is from 6 to 8.

Average: USD / AUD / NZD. The preferred range is from 3 to 5.

Weak: EUR / GBP. The preferred range is from 1 to 2.

The AUD and the CAD switch places. More information can be read in this article and in the articles “Forex Strength and comparison” of this week.

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Here below are the charts providing the Currency classifications. There are three charts showing resp. the strong, average and weak currencies.