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Forex Strength And Comparison: Week 20

By Kurt Osterberg · On May 15, 2016

For analyzing the best pairs to trade looking from a longer term perspective the last 3 months Currency Classification can be used in support.
This was updated on 24 April 2016 and is provided here for reference purposes:
Strong: JPY, CAD, CHF. The preferred range is from 6 to 8.
Average: USD, AUD, NZD. The preferred range is from 3 to 5.
Weak: EUR, GBP. The preferred range is from 1 to 2.
The charts were provided in the article: “Forex Currency Score Classification for Wk20”.

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13 Weeks Currency Score Strength for Week 20 / 15 May 2016

The 13 Weeks Currency Strength and the 13 Weeks Average are provided here below. This data and the “3 months 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 13 weeks. See each row for more information.

Then the 13 weeks average, see the last row called “Avg. 13 wks.”

The number of weeks that a currency is stronger than another currency can also be evaluated.

The TA Charts for each Time Frame can also be consulted.

Besides these the “13 weeks Currency Classification” chart of each currency is also consulted and compared. These have been updated and can be found in the article: “Forex Currency Score Classification for Wk20”.

The AUD keeps surprising and has for the third time on a row a score of 1 after upgrading the classification to “Strong”. It has now a lower score as the CAD. These pairs switch places in the classification. See for more information the chart here below and the charts provided in the article: “Forex Currency Score Classification for Wk20”.