In the Currency Strength table, the JPY was the strongest currency while the EUR was the weakest. There were some significant changes last week with the AUD gaining 5 points and the USD losing 4 points. The CHF and CAD lost 3 points. The other currencies remained around the same level of last week with a maximum difference of just 2 points.

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.

 1. First of all the strength over a period of the last 13 weeks is considered. See each row for more information.
 2. Next, the 13 weeks average is considered, see the last row called “Avg. 13 wks.”
 3. The number of weeks that a currency was stronger than another currency can also be considered.
 4. The Technical Analysis (TA) Charts for each Time Frame could also be consulted.

For analyzing the best pairs to trade looking from a longer-term perspective the last 13 weeks Currency Classification can be used in support.
This was updated on 9 April 2017 and is provided here for reference purposes:
Strong: USD, JPY, AUD. The preferred range is from 6 to 8.
Neutral: CHF, NZD, CAD. The preferred range is from 3 to 5.
Weak: EUR, GBP. The preferred range is from 1 to 2.

When looking at the Average 13 wks. Score the AUD remains the strongest of all while the GBP and the EUR remain the weakest. The currencies are grouped together around a level which makes clear to what classification they fit best.
It is clear to see in the Avg. 13 wks. values to what groups the currencies belong. The CAD is at the moment the weakest of the Neutral currencies but still close enough to the other neutral currencies to remain neutral.

Classification review

This week we take a look at the weak currencies. The EUR made a top in March but is back again in the range of the weak currencies. The GBP is now in the higher range and it remains to be seen if it can hold these high levels. For now, both currencies remain weak and the Score difference between these weak currencies and the neutral currencies is still very high. This means that the GBP will have to stay strong for a long time before it can become a Neutral currency. Below you can see the Weekly Currency Score Chart with the 6 months’ data as a reference.