Currency Strength Matrix for week starting 21.05.2017

EUR GBP AUD NZD USD CAD CHF JPY FOR
EUR 0 1 1 1 1 1 0 5
GBP 0 1 1 1 1 0 0 4
AUD 0 0 0 0 1 0 0 1
NZD 0 0 0 0 1 0 0 1
USD 0 0 1 1 0 0 0 2
CAD 0 0 0 0 0 0 0 0
CHF 0 0 1 1 0 1 0 3
JPY 0 0 1 1 0 1 0 3
AGAINST 0 0 5 5 2 6 1 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 4 4 +1
GBP 6 4 -2
AUD 0 1 +1
NZD 2 1 -1
USD 2 2 0
CAD 0 0 0
CHF 2 3 +1
JPY 0 3 +3

 

This week's TradeSeeker markets in focus - CAD, EURO, NZD, MEXICAN PESO, NATURAL GAS, COCOA, SUGAR, GASOLINE -  log in
 


Weekly Matrix Note - Last week we said a further push in GBP and EUR was likely and both have done that. Both currencies are by far the strongest in terms of current trends but sit in positions open to correction. CAD also on the other side of that strength has been at the extreme end of weakness and looks open to a reversal of that recent trend. Trade cautiously at these levels.

Possible trending buys this week

EURAUD, EURNZD, EURCAD, EURUSD
 
Possible trending sells this week

N/A
 


Possible counter trend buys this week

N/A

Possible counter trend sells this week

EURAUD, EURNZD, EURCAD, EURUSD
 

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.