Forex Strength And Comparison For Week 44 / 2016

The NZD is the strongest currency, the GBP is the weakest. The EUR clearly got stronger in the last week and the JPY weaker. For more details read both of my articles where the relevant Charts and Tables are provided.

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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.

First of all the strength over a period of the last 13 weeks is considered. See each row for more information.

Next the 13 weeks average is considered, see the last row called “Avg. 13 wks.”

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

The TA Charts for each Time Frame could also be consulted.

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

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 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. This was avoided last weeks because of the high scores in the last 4 weeks.
The EUR (Weak) has an average score lower but close to the CHF (Neutral). It had only 6 times a higher score in the last 13 weeks so it is clearly the weaker currency. The EUR however is more in the range of the Neutral currencies than the Weak currencies. Because of the low score of last 3 weeks it remains a Weak currency for now.