In the Currency Strength table, the NZD was the strongest currency while the CAD was the weakest. There were some significant changes last week with the NZD and AUD gaining 6 points, the JPY 3 points while the USD, EUR, GBP, CHF, and CAD lost 3 points.
The NZD, AUD and to a lesser extent the JPY showed a good performance last week.
The AUD and JPY are Neutral currencies and may offer some good opportunities against the Weak currencies.
The NZD is a Weak currency and was especially strong against the AUD and CAD. The strength in the NZD seems more like a temporary pullback.
The CAD, and to a lesser extent the CHF and USD, showed a weak performance last week while the EUR and GBP showed a lot of weakness at the end of last week.
The CHF is a Neutral currency and it may offer some good opportunities against the Strong currencies.
The CAD was very Weak last week and more in the range of the Neutral currencies in the 4 weeks before while it is a Strong currency.
Based on:
it seems that going long with the AUD and JPY may offer the best opportunities while going for going short this may be the CHF
13 Weeks Currency Score Strength
The 13 Weeks Currency Strength and the 13 Weeks Average are provided here below. For more information check the page Explanation Articles on my blog.
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.
