Currency Strength Matrix for week starting 11.11.2018

EUR GBP AUD NZD USD CAD CHF JPY TOTALS
EUR 0 0 0 0 0 0 0 -6
GBP 1 0 0 0 0 1 1 +1
AUD 1 1 0 0 1 1 0 +3
NZD 0 0 1 1 0 1 1 +4
USD 1 1 0 0 1 1 1 +4
CAD 1 0 0 0 0 1 0 0
CHF 1 0 0 0 0 0 1 -3
JPY 1 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 MT4 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 -4 -6 -2
GBP +1 +1 0
AUD +3 +3 0
NZD +4 +4 0
USD +3 +4 +1
CAD 0 0 0
CHF -6 -3 +3
JPY -1 -3 -2

 

Weekly Market Note

NZD and AUD maintained their strength from last week, while EUR and JPY continued their slide. While EUR looks a little oversold, CHF, JPY and CAD look susceptible to further weakness. NZD, AUD and USD remain the strongest buy options.

 
Possible trending buys this week

AUDCHF, AUDJPY, NZDCHF, NZDJPY, USDCHF, USDJPY
 
Possible trending sells this week

EURAUD, EURNZD, EURUSD
 


Possible counter trend buys this week

EURAUD, EURNZD, EURUSD

Possible counter trend sells this week

AUDCHF, AUDJPY, NZDCHF, NZDJPY, USDCHF, USDJPY
 

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.