Forex Currency Score Classification, Week 13
Forex Technical Analyst Trader | Mar 27, 2016 02:39AM ET
This article provides the Currency Classification for the coming weeks based on my analysis for the 8 major currencies. This is based on the technical analysis charts using the MACD and Ichimoku indicator on 4 time frames: the monthly, weekly, daily and 4-hour. The result of the technical analysis are the Currency Classification charts in this article.
Last 3 months currency classification updated on Week 13 - March 27, 2016.
The last 3 months currency classification from a longer-term perspective are provided here with the new charts:
- Strong: USD / JPY / CHF. The preferred range is from 6 to 8.
- Average: EUR, AUD, NZD. The preferred range is from 3 to 5.
- Weak: GBP, CAD. The preferred range is from 1 to 2.
The CHF gained a lot of strength lately, being stronger than the NZD for 9 of the 13 weeks and having a higher average also. That is why the CHF and the NZD switched places. See for more information the article: Forex Strength and Comparison WK13 .
Here below are the charts providing the currency classifications. There are three charts showing the strong, average and weak currencies.
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