In the Currency Strength table, the GBP was the strongest currency while the NZD was again the weakest. There were some significant changes last week with the USD, GBP, AUD and CAD gaining 1 point, the JPY losing 3 points and the EUR losing 1 point.
The GBP showed a good performance during the whole week and a very strong performance at the end of the week. The CAD and CHF showed a very strong performance at the end of the week and the EUR a steady and strong performance during the whole week.
The GBP, EUR, and CAD are Strong currencies and fit exactly with the current performance in the Classification and Score. The CHF is a Neutral currency and does not fit exactly with the current performance in the Classification and Score. However, being a Neutral currency it may offer some good opportunities against the Weak currencies.
The USD, CAD, AUD, and NZD showed a weak performance during the whole week.
The NZD is a Weak currency and fits exactly with the current performance in the Classification and Score.
The USD and AUD are Neutral currencies and do not fit exactly with the current performance in the Classification and Score. However, being Neutral currencies it may offer some good opportunities against the Strong currencies.
Based on the development as described above it seems that going long with the EUR or GBP against the NZD, USD or AUD may offer good opportunities. If this is being confirmed by the analysis in both of my Weekly articles and the charts are looking in the right direction, these combinations 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.
