Currency Strength Matrix for week starting 23.04.2017

EUR GBP AUD NZD USD CAD CHF JPY FOR
EUR 0 1 0 1 0 1 0 3
GBP 1 0 1 0 0 1 0 3
AUD 0 0 0 0 0 0 0 0
NZD 0 0 1 0 0 1 0 2
USD 0 0 1 0 0 0 0 1
CAD 0 0 1 0 0 0 0 1
CHF 0 0 1 0 1 0 0 2
JPY 1 0 1 1 1 1 0 5
AGAINST 2 0 6 2 3 1 3 0


The Currency Strength Matrix is calculated based on daily chart structure, for 
better accuracy. Not
percentage change like most other strength
 indicators.
 
Understanding currency strength is a basic fundamental of currency trading. Our Currency
Strength Matrix ensures you always know the strongest and weakest currencies. 
(Need help using 'The Matrix', check out: What is the Matrix)


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Matrix score summary table

  Last Week This Week Change
EUR 2 3 +1
GBP 3 3 0
AUD 0 0 0
NZD 2 2 0
USD 2 1 -1
CAD 5 1 -4
CHF 3 2 -1
JPY 6 5 -1

 

This week's TradeSeeker markets in focus - EURO, SILVER, RUSSELL 2000, WHEAT, SOYBEANS, LIVE CATTLE, -  log in
 


Weekly Matrix NoteRisk appetite in financial markets still remains low. Commodity currencies, AUD, NZD and CAD still under pressure as money remains firmly in safe havens, JPY, Gold and Bonds. Focus now on French election which could drive further safe haven flows. 

Possible trending buys this week

N/A
 
Possible trending sells this week

AUDJPY, NZDJPY, USDJPY, CADJPY, CHFJPY
 


Possible counter trend buys this week

AUDJPY, NZDJPY, USDJPY, CADJPY, CHFJPY

Possible counter trend sells this week

N/A
 

NOTE - A strong currency will have a high
(5, 6 or 7 marked in Green) 'FOR' score and a low (0, 1 or 2 marked in Red) 'AGAINST' score,
while a weak currency will have a low 'FOR' score and a high 'AGAINST' score.

If trading counter trend/reversals it will be the opposite of this.