Forex Strength And Comparison December 2017

In the Currency Strength table, the EUR was the strongest currency again while the NZD was the weakest. There were some significant changes last month with the CHF gaining 4 points, the GBP 2 points, the USD losing 3 points. The other currencies remained around the same level of last month with a maximum change in the strength of just 1 point.

The GBP and EUR showed a good performance during the whole month. The EUR is a Strong currency and fits exactly with the current performance in the Classification and Score.

The NZD and AUD showed a weak performance during the whole month. Both are Neutral currencies and do not fit with the current performance in the Classification and Score. However, being Neutral currencies it may offer some good opportunities against the Strong currencies.

Based on the development as described above it seems that going long with the EUR against the NZD or AUD may offer good opportunities. If this is being confirmed by the analysis in both of my Monthly articles and the charts are looking in the right direction, these combinations may offer good opportunities.

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. Because it is not ideal nor desired to change the range for a currency every single month, we perform several checks to avoid this.

First of all the strength over a period of the last 12 months is considered. See each row for more information.

Next, the 12 months average is considered, see the last row called “Avg. 12 M.”

The number of months that a currency was stronger than another currency can also be considered.

The Technical Analysis (TA) Charts for each Time Frame could also be consulted.

Average 12 M. Score

When looking at the Average 12 M.. Score we can see the currencies grouped together according to their classification.

Strong – We can see that the USD, EUR and the CAD are clearly grouped together as Strong currencies around an Average 12 M. Score of 5.

The EUR is the strongest currency and continues to deliver high Scores.

Neutral – The AUD, NZD and CHF are grouped together around an Average 13 wks. Score of 4,3.

The CHF changed classification from Weak to Neutral.

Weak – The GBP and JPY are grouped together around an Average 13 wks. Score of 3,5 to 4.

The GBP continues to show a lot of strength with a score of 7 but lost a lot of strength in the previous months. It remains together with the JPY the weakest currency of all based on the Average 12 M. Score.