Currency Strength Matrix for week starting 20.08.2017

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


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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Want to apply the Matrix to your charts? 
 
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Available on MT4, Currency Strength Matrix and Cycle Finder Pro will transform both your chart analysis and also how you identify and trade currency strength.

 

 

Matrix score summary table

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

 


Weekly market note

After a period of trend changes and consolidation, this week sees a return of many
trending markets, more so than we would expect at this time of year. JPY has strengthened as equity
markets see some profit taking and this theme could continue for the next few weeks, while AUD and
CAD still outperform their european counterparts.


Possible trending buys this week

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

EURAUD, EURCAD, EURJPY, GBPAUD, GBPCAD, GBPJPY, NZDCAD, NZDJPY, CHFJPY
 


Possible counter trend buys this week

EURAUD, EURCAD, EURJPY, GBPAUD, GBPCAD, GBPJPY, NZDCAD, NZDJPY, CHFJPY

Possible counter trend sells this week

AUDNZD, AUDUSD, AUDCHF, CADCHF
 

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.