Currency Strength Meter: 7th June
Strength Meter and Strength & Weakness Table
The currency strength meter shows us that the GBP and CHF are still high on the strength meter, AUD and JPY are the lowest. The CHF has moved lower from 7 to 5 showing some signs of weakness highlighting a potential reversal. The USD has moved higher despite poor NFP data and will be one to watch going into this week.
Trending Pairs of the week:
GBPAUD, GBPJPY, AUDUSD, USDJPY, AUDCHF.
Counter-trend Pairs of the week:
GBPUSD, GBPCHF, USDCHF, CHFJPY.