Currency Strength Matrix for week starting 14.01.2018

EUR GBP AUD NZD USD CAD CHF JPY TOTALS
EUR 1 0 0 1 0 1 0 2
GBP 0 0 0 1 0 0 0 -3
AUD 1 1 0 1 1 1 1 5
NZD 0 1 1 1 1 0 0 4
USD 0 0 0 0 0 0 0 -6
CAD 0 1 0 0 0 1 0 0
CHF 0 0 0 0 1 0 0 -2
JPY 0 0 0 0 0 0 0 -2

This Currency Strength Matrix is calculated based on daily chart structure from close of market on Friday.
(Update 21/10/17) Total scores have been added to bring table in line with 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 2 0
GBP -3 -3 -0
AUD 2 5 +3
NZD 4 4 0
USD -4 -6 -2
CAD 1 0 -1
CHF 0 -2 -2
JPY -2 0 +2

 

Weekly Market Note

The USD continues to struggle while the rest flourish. Its very much a case of sell Dollar at the moment. The remaining 7 currencies in our Matrix have all strengthened against the Dollar, with further weakness likely at the beginning of the week. This movement against the Dollar leaves trading crosses a lot harder so our focus will be on buying pairs like AUDUSD, NZDUSD and also EURUSD if momentum can persist. 


Possible trending buys this week

NZDUSD, AUDUSD
 
Possible trending sells this week

GBPNZD, AUDGBP
 


Possible counter trend buys this week

GBPAUD, GBPNZD

Possible counter trend sells this week

AUDUSD, NZDUSD
 

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.