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Forex Strength And Comparison Week 47 / 2017

By Kurt Osterberg · On November 19, 2017

In the Currency Strength table, the EUR was the strongest currency while the NZD was the weakest. There were some significant changes last week with the JPY gaining 3 points and the CHF gaining 2 points and the CAD losing 3 points. The other currencies remained around the same level of last week with a maximum change in the strength of just 1 point.

The JPY showed a good performance during the whole week and a very strong performance at the end of the week. The EUR and GBP showed a steady and strong performance during the whole week and to a lesser extent, the USD and CHF did too.The EUR is a Strong currency and fits exactly with the current performance in the Classification and Score.
The GBP and USD are Neutral currencies and do 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 NZD and AUD showed a poor performance during the whole week and a very weak performance at the end of the week. The CAD 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 AUD is a Neutral currency and does 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, GBP or USD against the NZD 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.

First of all the strength over a period of the last 13 weeks is considered. See each row for more information.

Next, the 13 weeks average is considered, see the last row called “Avg. 13 wks.”

The number of weeks that a currency was stronger than another currency can also be considered.

The Technical Analysis (TA) Charts for each Time Frame could also be consulted.