For analyzing the best pairs to trade looking from a longer term perspective the last 12 months currency classification can be used in support.
This was updated on 3 January 2016 and is provided here for reference purposes:
Strong: USD / GBP / CHF. The preferred range is from 6 to 8.
Average: NZD, JPY. The preferred range is from 4 to 5.
Weak: EUR, AUD, CAD. The preferred range is from 1 to 3.
The charts were provided in the following article: “Forex Currency Score Classification for January”
12 Months Currency Score Strength for April / 2 April 2016
The 12 Months Currency Strength and the 12 Months Average are provided below. This data and the “12 months Currency Classification” are considered for deciding on the preferred range in which to trade. Because it is not ideal nor desired to change the range for a currency every single month, we perform several checks to avoid this.
Currency Score Comparison for Month April / 2 April 2016
“Comparison Table” and the “Ranking and Rating list”
The Forex Currency Comparison Table compares each currency with its counterpart based on the Currency Score. For more information about the Currency Score of this month you can read the article “Forex Ranking, Rating and Score” which is published every month together with this article.
By using the comparison table directly below you get a view without the volatility and statistics as opposed to the “Ranking and Rating List”. Only the strength of each currency against the counterparts is analyzed by using the Technical analysis charts of the 3 Time Frames that are also used for the monthly “Ranking and Rating List”.
The information from the Comparison Table is the source for calculating the monthly “Ranking and Rating List” where this list uses additionally the volatility and statistics for creating the best and worst performer in the list from number 1 to 28, whereby 1 is the best and 28 is the worst performer.
