Currency Strength Matrix for week starting 17.09.2017

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

This Currency Strength Matrix is calculated based on daily chart structure from close of market on Friday.
If you want a real time version of the Currency Strength Matrix, which also runs on any time frame,
check out our MT4 indicator below.


 
Currency Strength Matrix indicator available on Metatrader 4



Currency Strength Matrix indicator

See currency strength like never before with our real time strength indicator. See trend, strength and momentum in the FX markets as it happens, with this dynamic chart indicator, available on Metatrader 4



 

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Matrix score summary table

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

 

Weekly market note:

CAD and AUD outperform but both look tired and further upside could be limited especially with AUD. GBP has broken many previous down trends with its recent puch higher and looks set to strengthen further this week. JPY and CHF look to be the best selling options with NZD and USD gaining strength marginally this week.




Possible trending buys this week

AUDNZD, AUDUSD, AUDCHF, AUDJPY, CADCHF, CADJPY
 
Possible trending sells this week

NZDCAD, USDCAD
 


Possible counter trend buys this week

NZDCAD, USDCAD

Possible counter trend sells this week

AUDNZD, AUDUSD, AUDCHF, AUDJPY, CADCHF, CADJPY
 

NOTE - The trades above are based on the pairings of the strongest and weakest currencies from
our 'Matrix' as we start the new trading week. Please use your own judgement before entering these markets.

If trading counter trend/reversals, please check the charts to see if current trends/phases
are over extended before considering counter trend options.