Forex Strength And Comparison For Week 50 / 2016

The NZD was the strongest currency while the EUR was the weakest. All the currencies are more or less at the same level as last week. The CAD remains strong for the last 2 weeks with a score of 7.

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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 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 4 December 2016 and is provided here for reference purposes:
Strong: USD, NZD. The preferred range is from 7 to 8.
Neutral: JPY, CHF, AUD. The preferred range is from 4 to 6.
Weak: EUR, GBP, CAD. The preferred range is from 1 to 3.

When looking at the Average 13 wks. Score all the currencies are within their range. The USD is the strongest of all while the GPB is the weakest.

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The Weak Currencies

The EUR and the GBP are clearly the weakest currencies. The GBP made a top around the score of 4 and 5 in the last weeks. The CAD is clearly the strongest at the moment of the weak currencies.
Below you can see the Weekly Currency Score Chart with the 6 months data as a reference.