Forex Strength And Comparison Week 34/2017

In the Currency Strength table, the CAD was the strongest currency while the GBP was the weakest. There were some significant changes last week with the CAD gaining 4 points, the EUR and JPY lost 2 points. The other currencies remained around the same level of last week with a maximum change in the strength of just 1 point.

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.

Average 13 wks. Score

When looking at the Average 13 wks. Score we can see the currencies grouped together according to their classification. There may be some doubt and in that case it may be a currency thatcan change of classification in the coming weeks.

Strong – We can see that the EUR and the NZD are clearly grouped together as Strong currencies around an Average 13 wks. Score of 6.

Neutral – The AUD, CHF and CAD are grouped together around an Average 13 wks. Score of 5.

Weak – The USD, JPY and GBP are grouped together being all Weak currencies around an Average 13 wks. Score of 3.

The NZD is the strongest currency but is showing weakness in the last 2 weeks, this may be a pullback.

From the Neutral currencies we can see that the CAD is the strongest. This is also because of the high Score of 8 last week. The CAD is still far from the Strong currencies but if it remains strong it may become one in the coming weeks.