In the Currency Strength table, the AUD was the strongest currency while the CHF was the weakest. There were some significant changes last week with the AUD gaining 5 points, the GBP gaining 4 points, the NZD gaining 3 points, the USD and CHF losing 4 points. The other currencies remained around the same level of last week with a maximum change in the strength of just 2 points.
The AUD showed a very strong performance at the end of the week against all the currencies. This is a Strong currency and fits exactly with the current performance in the Classification and Score that it has and may offer good opportunities to trade long in the coming week.
The USD and the CHFshowed a very weak performance at the end of the week against all the currencies with the USD being slightly weaker. These are resp. Weak and Neutral currencies and the USD fits exactly with the current performance in the Classification and Score that it has and may offer good opportunities to trade short in the coming week.
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.
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.
- The EUR is the strongest currency and continues to deliver high Scores while the AUD, being a Strong currency, is showing a bit of weakness in the previous weeks but recoverd well last week with a Score of 8.
- The CHF is the weakest currency of this week.
- The GBP showed again a lot of strength last week with a score of 6. The USD remains the weakest currency.
