Currency Strength Matrix for week starting 20.10.2019

EUR GBP AUD NZD USD CAD CHF JPY TOTALS
EUR 0 1 1 0 0 1 1 +3
GBP 1 1 0 1 1 1 1 +6
AUD 0 0 0 1 0 0 0 -3
NZD 0 0 1 1 1 0 1 +3
USD 0 0 0 0 0 0 0 -5
CAD 0 0 0 0 1 1 0 0
CHF 0 0 1 0 1 0 0 -1
JPY 0 0 0 0 0 0 0 -3

This Currency Strength Matrix table (above) is updated every weekend, and is calculated based on daily chart structure from close of market each Friday. For a live version of our 'Matrix' please download our MT4 Currency Strength indicator. For more information on this indicator, see below.

 
Currency Strength Matrix indicator available on Metatrader 4



Currency Strength Matrix MT4 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



 

Stay up to date with all our news, views and updates on all your favourite social media platforms.
                    

50% deposit bonus with easyMarkets
 
 

Matrix score summary table (Weekly Change)

  Last Week This Week Change
EUR 0 +3 +3
GBP +5 +6 +1
AUD -4 -3 +1
NZD 0 +3 +3
USD +2 -5 -7
CAD +1 0 -1
CHF -4 -1 +3
JPY 0 -3 -3

 

Weekly Market Note

USD weakness the driver across the board as EUR, GBP and NZD all see big weekly gains in strength. GBP and NZD certainly have more legs to push higher but EUR could find it difficult as we get nearer month end. Look to sell into USD strength this week.

 
Possible trending buys this week

EURAUD, EURUSD, EURJPY, GBPAUD, GBPUSD, GBPJPY, NZDUSD, NZDJPY
 
Possible trending sells this week

AUDNZD
 


Possible counter trend buys this week

AUDNZD

Possible counter trend sells this week

EURAUD, EURUSD, EURJPY, GBPAUD, GBPUSD, GBPJPY, NZDUSD, NZDJPY
 

NOTE - The markets listed above are based on the pairings of the strongest and weakest currencies from
our 'Matrix' as we start the new trading week. Additional pirings will be found using or live indicator, which will give earlier signals and works across all time frames. 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.