In the Currency Strength table, the GBP was again the strongest currency while the AUD was the weakest. There were some significant changes last week with the USD gaining 2 points, the JPY and NZD 1 point, the CHF and CAD losing 1 point.
The GBP and to a lesser extent the USD and EUR showed a good performance during the whole week.
These are all Strong currencies and fit exactly with the current performance in the Classification and Score.
The AUD and to a lesser extent the NZD and 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 GBP, USD or EUR against the AUD or NZD 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.
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 could be a currency that will change its classification in the coming weeks. There are no such currencies at the moment.
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