Currency Strength Matrix for week starting 18.06.2017
|
EUR |
GBP |
AUD |
NZD |
USD |
CAD |
CHF |
JPY |
FOR |
| EUR |
|
0 |
0 |
0 |
1 |
0 |
0 |
0 |
1 |
| GBP |
0 |
|
0 |
0 |
0 |
0 |
0 |
0 |
0 |
| AUD |
0 |
1 |
|
0 |
1 |
1 |
0 |
1 |
4 |
| NZD |
0 |
0 |
1 |
|
0 |
1 |
0 |
0 |
2 |
| USD |
0 |
0 |
0 |
0 |
|
0 |
0 |
0 |
0 |
| CAD |
0 |
1 |
0 |
0 |
1 |
|
0 |
1 |
3 |
| CHF |
1 |
0 |
0 |
0 |
0 |
0 |
|
0 |
1 |
| JPY |
1 |
1 |
0 |
0 |
0 |
0 |
1 |
|
3 |
| AGAINST |
2 |
3 |
1 |
0 |
3 |
2 |
1 |
2 |
|
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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Matrix score summary table
| |
Last Week |
This Week |
Change |
| EUR |
3 |
1 |
-2 |
| GBP |
0 |
0 |
0 |
| AUD |
2 |
4 |
+2 |
| NZD |
2 |
2 |
0 |
| USD |
0 |
0 |
0 |
| CAD |
1 |
3 |
+2 |
| CHF |
2 |
1 |
-1 |
| JPY |
3 |
3 |
0 |
This week's TradeSeeker markets in focus - EURO, MEXICAN PESO, SOYBEANS, NATURAL GAS, SUGAR, - log in
Weekly Matrix Note - EUR, GBP and CHF continue to under-perform along with the US Dollar. AUD, NZD and CAD have performed well be rallies look to be contained with further upside limited. With no clear front runner in terms of strength, trade carefully.
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 - A strong currency will have a high
(5, 6 or 7 marked in Green) 'FOR' score and a low (0, 1 or 2 marked in Red) 'AGAINST' score,
while a weak currency will have a low 'FOR' score and a high 'AGAINST' score.
If trading counter trend/reversals it will be the opposite of this.
