Currency Strength Matrix for week starting 15.10.2017

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

This Currency Strength Matrix is calculated based on daily chart structure from close of market on Friday.
For 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 4 +1
GBP 3 3 0
AUD 1 1 0
NZD 0 1 +1
USD 3 2 -1
CAD 4 4 0
CHF 2 0 -2
JPY 1 3 +2

 

Weekly market note:

FX markets remain in state of change. The US dollar has had a decent run is recent weeks but was not able to follow that strength though this past week. The USD is still the market to watch however going in to the new week based on the levels many major fx pairs have reached. Look for dollar strength or weakness at the beginning of the week to confirm where we are heading from here.


Possible trending buys this week

N/A
 
Possible trending sells this week

N/A
 


Possible counter trend buys this week

N/A

Possible counter trend sells this week

N/A
 

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.