Currency Strength Meter: 26th July

The currency strength meter shows us that the JPY is the strongest currency however it is in a reversal zone and with the recent rally in the stock market we could see the JPY start to weaken. The USD also remains high on the strength meter however the DXY is at a key resistance level and we could see this weaken too. The AUD is the weakest currency currently and could continue unless stocks gain causing a risk on market. 

Trending Pairs of the week:

AUDUSD, AUDJPY, EURUSD, EURJPY, GBPUSD, GBPJPY

Counter-trend Pairs of the week:

AUDUSD, AUDJPY, EURUSD, EURJPY, GBPUSD, GBPJPY