This article provides the Currency Classification for the coming weeks based on my analysis for the 8 major currencies. This is based on the technical analysis charts using the
MACD and Ichimoku indicator on 4 time frames: the monthly, weekly, daily and 4 hours. The result of the technical analysis are the Currency Classifications charts in this article.
Last 3 months currency classification updated on Week 13, 27 March 2016
The last 3 months currency classification from a longer term perspective are provided here with the new charts:
The CHF gained a lot of strength lately being 9 of the 13 weeks stronger than the NZD and having a higher average also. That is why the CHF and the NZD switched places. See for more information the article: Forex Strength and Comparison WK13
Here below are the charts providing the Currency classifications. There are three charts showing resp. the strong, average and weak currencies.
It is recommended to read the page Currency score explained and Models in practice for a better understanding of the article. When trading according to the FxTaTrader Strategy some rules are in place. Depending on the opportunities that may come up the decision to trade a currency may become more obvious at that moment. If you would like to use this article then mention the source by providing the URL FxTaTrader.com or the direct link to this article. Good luck in the coming week.
