In the Currency Strength table, the EUR was the strongest currency while the JPY was again the weakest. There were significant changes last week with the GBP gaining 4 points and the CAD gaining 3 points while the CHF lost 4 points. The other currencies remained around the same level of last week with a maximum change in the strength of just 2 points. 

13 Weeks Currency Score Strength

The 13 Weeks Currency Strength and the 13 Weeks Average are provided below. 

 1. The strength over a period of the last 13 weeks is considered. 
 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 July 2 and is provided here for reference:
Strong: EUR, NZD and CHF. The preferred range is from 6 to 8.
Neutral: GBP, USD and JPY. The preferred range is from 3 to 5.
Weak: AUD, CAD. The preferred range is from 1 to 2.

When looking at the Average 13 wks. score we can see that there are a new group of strong currencies. These are the EUR, CHF and the NZD. The EUR had at least 7 times a higher score compared to the Neutral currencies. These are the GBP, USD and JPY. the JPY has been added to this group.
The NZD did almost succeed also but had only 6 times a higher score compared to the GBP. However, with a score difference of more than 1 point and having 7 times a higher score compared to the other neutral currencies it is a Strong currency now. The JPY was very weak in the last 3 weeks and the Average 13 wks. score is now in the range of the other neutral currencies, the GBP and the USD.

Classification review

This week we take a look at the currencies that have a new classification, the EUR, NZD and JPY. 
The NZD already had a classification change in the week before and is now again changing again.
The chart shows that the EUR started already at the end of April gaining strength. It had a little dip to a score of 4 but recovered after that. 
The NZD started later gaining strength at the end of May and stayed very strong. The JPY started in April losing strength and had a little top in May but continued losing strength. Below is the Weekly Currency score Chart with the 6 months’ data as a reference.