Technical Analysis

The strongest currency this week is the EUR. The weakest is the JPY.

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The USD was lower this week

The week is coming to an end and the strongest currency of the majors is the EUR.  The weakest is the JPY as global stocks rebounded and that took traders out of the relative safety of the JPY (or so they say). The USD was also lower on the week with the only strength vs the JPY. The CAD and AUD were near unchanged on the week (despite the AUDs volatility).  

Looking at the pip changes on the week, the EURJPY was the biggest mover. A 287 pip change.

For the USD, the EURUSD moved up 188 pips, the GBPUSD moved up 101 pips. The USDCHF fell -130 pips. The USDCAD fell -30 pips and the AUDUSD was near unchanged at +13 pips.

ForexLive

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