Currency Strength Matrix for week starting 17.03.2019
|
EUR |
GBP |
AUD |
NZD |
USD |
CAD |
CHF |
JPY |
TOTALS |
| EUR |
|
0 |
1 |
0 |
0 |
0 |
1 |
1 |
+1 |
| GBP |
1 |
|
0 |
0 |
1 |
1 |
1 |
0 |
+4 |
| AUD |
0 |
0 |
|
0 |
0 |
0 |
0 |
0 |
-4 |
| NZD |
1 |
0 |
1 |
|
0 |
0 |
1 |
1 |
+4 |
| USD |
0 |
0 |
1 |
0 |
|
1 |
0 |
1 |
+2 |
| CAD |
0 |
0 |
0 |
0 |
0 |
|
0 |
1 |
-2 |
| CHF |
0 |
0 |
1 |
0 |
0 |
1 |
|
1 |
0 |
| JPY |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
-5 |
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 MT4 indicator
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Matrix score summary table (Weekly Change)
| |
Last Week |
This Week |
Change |
| EUR |
+1 |
+1 |
0 |
| GBP |
+7 |
+4 |
-3 |
| AUD |
-7 |
-4 |
+3 |
| NZD |
+3 |
+4 |
+1 |
| USD |
+2 |
+2 |
0 |
| CAD |
-1 |
-2 |
-1 |
| CHF |
-1 |
0 |
+1 |
| JPY |
-4 |
-5 |
-1 |
Weekly Market Note
Talk of Brexit delay keeps GBP elevated while AUD and JPY remain the weakest currencies. GBP has lost strength this week but remains the strongest currency along with NZD. An upside breakout is required on NZDUSD to maintain NZD momentum but its charts look well placed for that upside move. CAD is the currency weakening at the fastest rate and looks vulnerable to further weakness this week.
Possible trending buys this week
GBPAUD, GBPJPY, NZDJPY
Possible trending sells this week
AUDNZD
Possible counter trend buys this week
AUDNZD
Possible counter trend sells this week
GBPAUD, GBPJPY, 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.
