For analyzing the best pairs to trade looking from a longer term perspective the last three months Currency Classification can be used in support.
This was updated today, 24 April 2016, and is provided here for reference purposes:
Strong: JPY, AUD, CHF. The preferred range is from 6 to 8.
Average: USD, CAD, NZD. The preferred range is from 3 to 5.
Weak: EUR, GBP. The preferred range is from 1 to 2.
The charts were provided in the article:  "Forex Currency Score Classification for Wk17".

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13 Weeks Currency Score Strength for Week 17 - 24 April 2016

The 13 Weeks Currency Strength and the 13 Weeks Average are provided here below. This data and the "3 months currency classification" are considered for deciding on the preferred range. Because it is not ideal nor desired to change the range for a currency every single week, we perform several checks to avoid this.

1. First of all the strength over a period of 13 weeks. See each row for more information.
2. Then the 13 weeks average over a period of 13 weeks. See the last row called "Avg. 13 wks."
3. The amount of weeks that a currency is stronger than another currency can also be evaluated.
4. The TA Charts for each Time Frame can also be consulted.
5. Besides these the "13 weeks Currency Classification" chart of each currency is also consulted and compared. These have been updated and can be found in the article: "Forex Currency Score Classification for Wk17".

Last week we looked into the USD and the AUD and they switched places today in the Classification. Another switch took place also and that is between the EUR and the CAD. The latter one has a higher "Avg. 13 wks." score compared to the EUR.

• The CAD had also 8 times a higher score in the last 13 weeks.
• When looking at the Classification chart itself it is clear to see that the CAD is stronger lately.
• When looking at the Weekly and Daily charts of this specific pair they are showing weakness for the EUR. The pair is in both charts below the Ichimoku Cloud and having a MACD in negative area.

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Currency Score Comparison for Week 17 - 24 April 2016

"Comparison table" and the "Ranking and Rating list"

The Forex Currency Comparison Table compares each currency with its counterpart based on the Currency Score. By using the comparison table below you get a view without the volatility and statistics as opposed to the "Ranking and Rating list". Only the strength of each currency against the counterparts is analyzed by using the Technical analysis charts of the 4 Time Frames that are also used for the "Ranking and Rating List". 
The information from the Comparison Table is the source for calculating the "Ranking and Rating List" where this list uses additionally the volatility and statistics for creating the best and worst performer in the list from number 1 to 28.

"Comparison table" and the "Currency Score Chart"

The additional analysis of this table compared to the Currency Score table is that the Comparison Table compares the strength between the currencies of each pair. By subtracting the strength of the weaker currency from the stronger currency we have a way to compare each pair combination. 
The comparison table provides a way to compare currencies from a longer term perspective of 13 weeks and also simultaneously taking the current trend into account. By coloring the currencies in the X and Y axis according to their Classification, we can show what the best combinations are. In doing this we apply 2 rules to make it clear.

1. First of all only better classified currencies in combination with weaker classified currencies are "Approved".
2. The only exception is when 2 currencies are similarly classified but the Currency Score difference is equal to or more than 4.
   • It means that each currency should be as far apart from each other as possible in the range from 1 to 8. This means that the classification of the currencies in question may change in the longer term. By using the difference of 4 which is exact the half of the range it seems a safe approach for trading 2 currencies similarly classified.
   • Since each classification covers only 2 or 3 scores at the most it means that the currencies should be at least one classification apart from each other in the current week.
   • Even though they are in the same classification when looking at the 13 weeks average a currency may be in a weaker/stronger period and may even change its classification in the future. See the current classification for the coming period at the top of this article.
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Putting the pieces together

Based on the last "three months currency classification" and the "Currency Comparison Table" the most interesting currencies for going long seem to be the CAD, AUD and USD. These are strong or average currencies from a longer term perspective when looking at the last "three months currency classification". For going short the same analysis can be done and the EUR and the GBP seem to fit best. These are weak or average currencies from a longer term perspective.

Some of these pairs comply for a longer term trade based on the Daily and Weekly chart. We will look at these ones here in a bit more detail. The ones that do not comply may be more interesting for the short term. See the article "Ranking, Rating and Score" for more details.

• When analyzing the Weekly and Daily charts the best pairs for the coming week seem to be the GBP/CAD, EUR/CAD, AUD/CHF, EUR/AUD, AUD/NZD, GBP/NZD, GBP/AUD, CHF/JPY
• A crossed join between the Top 10 pairs in the "Ranking and Rating List", the "Currency Comparison Table" and the pairs with the best charts mentioned here above shows the following interesting pairs: GBP/CAD, EUR/CAD, AUD/CHF, EUR/AUD.
  • The following pair is not mentioned as "Approved" pairs in the "Currency Comparison Table": CHF/JPY
  • The following pairs are not mentioned in the Top 10 of the Ranking and Rating list: AUD/NZD, GBP/NZD, GBP/AUD and CHF/JPY. 

The article "Ranking, Rating and Score" published this weekend contains the following interesting pairs:

• EUR/CAD with the AUD/JPY
• AUD/CHF with the EUR/USD
• EUR/AUD with the CAD/CHF

From these pairs the AUD/JPY, EUR/USD and the CAD/CHF does not seem to be interesting according to the mentioned crossed join here above. The TA Charts are not interesting enough and only the EUR/USD is mentioned in the "Currency Comparison Table".

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