In the Currency Strength table, the EUR was the strongest currency while the AUD was the weakest. There were some significant changes last month with the EUR and NZD gaining 4 points strength. The USD lost 4 points and the GBP 3 points. The other currencies remained around the same level of last week with a maximum change in the strength of just 2 points.

12 Months Currency Score Strength

The 12 Months Currency Strength and the 12 Months Average are provided here below. This data and the "12 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 month, we perform several checks to avoid this.

1. First of all the strength over a period of 12 months. See each row for more information.
2. Then the 12 months average, see the last row called "Avg. 12 M."
3. The number of months that a currency is stronger than another currency can also be evaluated.
4. The TA Charts for each Time Frame can also be consulted.

For analyzing the best pairs to trade looking from a longer-term perspective the last 12 months Currency Classification can be used in support.
This was updated on 6 June 2017 and is provided here for reference purposes: 
Strong: USD, JPY, NZD. The preferred range is from 6 to 8.
Neutral: AUD, CHF. The preferred range is from 4 to 5.
Weak: EUR, GBP, CAD. The preferred range is from 1 to 3.

When looking at the Average 12 M. Score the USD is the strongest of all and the GBP the weakest. The currencies are grouped together around a level which makes clear to what classification they fit best. It is clear to see in the Avg. 12 M. values to what groups the currencies belong. 
This is not the case for the CAD, it has now an Average 12 M. Score between the Neutral and Weak currencies. It is clearly closer to the Weak currencies and is now classified as such.

Classification review

This month we take a look at the weak currencies. The EUR is clearly getting a lot stronger lately coming from a Score of 1 and going from there to 4 and 8. The GBP is still struggling on the lower Range with sometimes making a Top at the middle of the range. The CAD is now classified as a Weak currency and as can be seen, it has the lowest Score of the 3 Weak currencies.Below you can see the Monthly Currency Score Chart with the 24 months' data as a reference.

Currency Score Comparison

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

The Forex Currency Comparison Table compares each currency with its counterpart based on the Currency Score. For more information about the currency Score of this month, you can read the article "Forex Ranking, Rating and Score" which is published every month together with this article.
By using the comparison table directly below you can 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 3 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 additionally uses the volatility and statistics for creating the best and worst performer in the list from number 1 to 28.

The information is published once a month and be aware that rates change during this period. The mentioned scores also change and different opportunities may show up. There are many ways to follow the rate changes. This can be done e.g. by looking at the charts and checking e.g. the Ichimoku and/or MACD in the Weekly and Daily chart. There are also many tools, apps and websites where the movement of trading rates of currencies is shown in different automated ways. This may be in pips or through percentage differences or by comparing the values of indicators like the RSI, Moving Averages, MACD, Ichimoku etc. On my blog a Heatmap is available that can be of use also.

"Comparison table" and the "Currency Score Chart"

The additional value 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 12 months 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 clearer.

1. First of all only better-classified currencies in combination with weaker classified currencies are "Approved" when there is a Currency Score difference of at least 1 in the current month.
2. The only exception is when 2 currencies are similarly classified but the Currency Score difference is equal to or more than 4.
3. It means that each currency should be as far apart from each other as possible in the range from 1 to 8. The classification of the currencies in question may change in the longer term. By using the difference of 4 which is exact at the half of the range it seems a safe approach for trading 2 currencies which are similarly classified.
4. Even though currencies may be in the same classification 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 beginning of this article.

Putting the pieces together

Based on the last "12 Months currency classification" and the "Currency Comparison Table" the most interesting currencies for going long seem to be the: CHF, NZD and JPY. 
These are Strong or Neutral currencies from a longer term perspective when looking at the last "12 Months currency classification".

For going short the same analysis can be done and the following currencies seem to fit best: AUD, CAD and GBP. 
These are Weak or Neutral currencies from a longer term perspective.

Currencies with a high deviation seem less interesting to trade because they are less predictable. A good example at the moment is e.g. the: EUR, CHF, USD and AUD.