Currency Strength Matrix for week starting 22.04.2018

EUR GBP AUD NZD USD CAD CHF JPY TOTALS
EUR 0 0 0 0 0 1 0 -3
GBP 1 0 0 1 0 1 1 2
AUD 1 1 0 1 0 1 0 3
NZD 1 0 1 1 0 1 0 3
USD 1 0 0 0 0 1 1 -1
CAD 0 1 0 1 1 1 1 5
CHF 0 0 0 0 0 0 0 -6
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 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 (Weekly Change)

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

 

Weekly Market Note

Risk appetite begins to wane, JPY could be one to watch. AUD, NZD & CAD, have seen some relative strength in recent weeks but now appear to have ran out of steam. If weakness persists in these currencies at the start of the week, JPY could see a change of fortunes. Finishing the week as the strongest currency on the 4 hour time frame, the Yen could see that strength filter through to its daily charts, particularly in a risk off environment.


Possible trending buys this week

AUDCHF, AUDJPY, NZDCHF, NZDJPY, CADCHF, CADJPY
 
Possible trending sells this week

EURAUD, EURNZD, EURCAD
 


Possible counter trend buys this week

EURAUD, EURNZD, EURCAD

Possible counter trend sells this week

AUDCHF, AUDJPY, NZDCHF, NZDJPY, 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.