Forex Strength And Comparison For Week 15 / 2017

In the Currency Strength table, the USD was the strongest currency while the EUR was the weakest.| There were some significant changes last week with the USD and the CHF gaining 3 points. The AUD lost 5 points. The other currencies remained around the same level with a maximum difference of just 2 points.

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.

For analyzing the best pairs to trade looking from a longer-term perspective the last 13 weeks Currency Classification can be used in support.
This was updated on 9 April 2017 and is provided here for reference purposes:
Strong: USD, JPY, AUD. The preferred range is from 6 to 8.
Neutral: CHF, NZD, CAD. 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 weeks’ Score the AUD 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.
The JPY gained a lot of strength lately and the Average 13 wks. Score is close to the USD while the JPY had 8 times a higher score during the last 13 weeks. For that reason the JPY is now also a strong currency.

Classification review

This week we take a look at the strong currencies. The JPY is now classified as a strong currency and as can be seen it looks similar to the USD lately. The AUD made a dive last week but it still remains a very strong currency. Below you can see the Weekly Currency Score Chart with the 6 months’ data as a reference.