Currency Strength Meter: 17th May
Strength Meter and Strength and Weakness Table
The currency strength meter shows us that the JPY, EUR and NZD were the weakest currencies of the week and the GBP, CAD and CHF were the strongest currencies. Despite this the JPY is an a reversal zone so we could start to see some JPY strength enter the markets soon.
Trending Pairs of the week:
GBPNZD, EURGBP, GBPJPY, NZDCAD, EURCAD, CADJPY, NZDCHF, EURCHF, CHFJPY.
Counter-trend Pairs of the week:
GBPJPY, CADJPY, CHFJPY.