In the Currency Strength table, the NZD was the strongest currency while the USD was the weakest. There were some significant changes last week with the JPY gaining 5 points while the CAD lost 4 points.
On a week to week basis the NZD and AUD showed a very good performance while the USD and to a lesser extent the JPY and CHF showed a very weak performance. When looking at the development at the end of last week, the NZD and to a lesser extent the AUD continued to perform very well.On the other hand, the USD remained weak and so did the CHF.
The EUR remained Neutral last week and ended with a Score of 5. It is the highest Score from the group of Strong currencies and seems for that reason the best one from this group for the coming week.
Although some good performing currencies may have lost points they remain interesting when looking at all the currencies in the table as a whole. Same for the weak currencies that may have gained points. That is why the Classification of currencies and the Currency Score comparison are important also. We will look at this in more detail.
13 Weeks Currency Score Strength
The 13 Weeks Currency Strength and the 13 Weeks Average are provided here below. For more information check the page Explanation Articles on my blog.
Average 13 wks. Score
When looking at the Average 13 wks. Score we can see the currencies grouped together according to their classification.
There may be some doubt and in that case it could be a currency that will change its classification in the coming weeks. Such a currency seems to be the CAD.