In the Currency Strength table, the CAD was again the strongest currency while the NZD was the weakest. There were some significant changes last week with the GBP gaining 3 points and the USD 2 points. The JPY and CHF lost 2 points. The other currencies remained around the same level of last week with a maximum change in the strength of just 1 point. There were some classification changes which are discussed in more detail in this article.
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 may be a currency that can change of classification in the coming weeks. The AUD and JPY changed classification last week.
The CAD is the strongest currency and continues to deliver high Scores while the NZD being a Strong currency is showing weakness in the last 4 weeks.
The AUD changed from being Neutral to Strong because of the high Weekly Scores lately.
The JPY changed from being Weak to Neutral because of the high Weekly Scores lately except for last week. The GBP is the weakest currency of all.
