Forex Strength And Comparison For Week 13/27 March 2016 -

Forex Strength And Comparison For Week 13/27 March 2016

Mar 27, 2016Jeremy ParkinsonFinance0

This is the article “Strength and Comparison” for the coming week, the article “Ranking, Rating and Score” has also been published this weekend.
For analyzing the best pairs to trade looking from a longer term perspective the last 3 months currency classification can be used in support.

This is updated on this weekend and is provided here for reference purposes:
Strong: USD / JPY / CHF. The preferred range is from 6 to 8.
Average: EUR, AUD, NZD. The preferred range is from 3 to 5.
Weak: GBP, CAD. The preferred range is from 1 to 2.
The charts are provided in the following article: “Forex Currency Score Classification for Wk13”.
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13 Weeks Currency Score Strength for Week 13 / 27-March-2016

The 13 Weeks Currency Strength and the 13 Weeks Average are provided here below. This data and the “3 months 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 13 weeks average and the strength over a period of 13 weeks. Both the average and the strength are shown in the table below.

The amount of weeks that a currency is stronger than another currency can also be evaluated.

Besides these the “13 weeks currency classification” chart of each currency is also consulted. These have been updated and can be found in the following article: “Forex Currency Score Classification for Wk13”.

As can be seen 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 in the “Forex Currency Score Classification for Wk13” provided this weekend.

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Currency Score Comparison for Week 13 / 27-March-2016