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

The USD and JPY showed a very strong performance at the end of the week while the GBP showed a steady and strong performance during the whole week. The USD and GBP are Neutral currencies and do not fit exactly with the current performance in the Classification and Score that it has. However, being Neutral currencies it may offer some good opportunities against the Weak currencies.

The EUR showed a very weak performance at the end of the week while the NZD, CHF, AUD and CAD showed a weak performance during the whole week.
The NZD changed classification and is now a Weak currency. It may offer good opportunities to go short. Also the CHF may offer good opportunities, being a Neutral currency it may offer some good opportunities against the Strong currencies.

Based on the development at the end of last week and the steady performance of the currencies during the last week as described above it seems that going long with the USD or GBP against the NZD and CHF may offer good opportunities.

 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 could be a currency that will change its classification in the coming weeks. There are no such currencies at the moment.

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