In the Currency Strength table, the JPY was the strongest currency while the CHF was the weakest. There were some significant changes last month with the USD gaining 7 points and the CAD gaining 3 points while the GBP lost 4 points, the CHF 3 points and the NZD 2 points.

When looking at the currency pairs on a month-to-month basis the USD, EUR, JPY and GBP seem to support a bullish development in the Weekly charts. From these pairs, only the GBP looks neutral in the Weekly chart while the USD, EUR and JPY look strong. 
The CAD looks Neutral in the Monthly chart while it looks strong in the Weekly chart.
The AUD and CHF seem to support a bearish development in the Weekly charts. 
The support in the Monthly chart may be because of a trend or a temporary pullback in the monthly chart.

Although some good performing currencies may have lost points in the Currency Strength table they remain interesting when looking at all the currencies in the table as a whole. Same for the weak currencies that may have gained points. That is why the Classification of currencies and the Currency Score comparison are important also. We will look at this in more detail.

12 Months Currency Score Strength

The 12 Months Currency Strength and the 12 Months Average are provided here below. For more information check the page Explanation Articles on my blog.

Average 12 M. Score

When looking at the Average 12 M. Score we can see the currencies grouped together according to their classification.
There may be some doubt and in that case it could be a currency that will change its classification in the coming months.

• Strong - We can see that the EUR, GBP are clearly grouped together as Strong currencies around an Average 12 M. Score of 5 to 7.
• Neutral - The JPY, CAD and CHF are grouped together around an Average 12 M. Score of 4 to 5.
• Weak - The USD, AUD and NZD are grouped together around an Average 12 M. Score of 3 to 4

Classification review
This month we take a look at the JPY and the CAD. Last month we looked at the JPY also and it was clear it had a potential to become a Neutral currency. The CHF and the JPY are currently the only Neutral currencies and have both the same Avg. 12 Month Score.
The CAD is a Neutral currency and is showing a very good performance in the last month after having Scores in the range of Weak currencies before. Based on the current Avg. 12 Month Score it can become a Strong currency soon if it keeps performing like this.

Below you can see the Monthly Currency Score Chart with the 24 months' data as a reference.

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 classification was updated on 1 May 2018 and is provided here for reference purposes: 

Strong: EUR, GBP. The preferred range is from 7 to 8.

Neutral: JPY, CAD, CHF. The preferred range is from 4 to 6.

Weak: USD, AUD, NZD. The preferred range is 1 to 3.

Currency Score Comparison

The Forex Currency Comparison Table compares each currency with its counterpart based on the Currency Score. 

Putting the pieces together

Based on the analysis of this article it seems that going long with the JPY, CAD and EUR may offer the best opportunities. 
For going short, the CHF, AUD and NZD seem to offer good opportunities.
The USD is still a Weak currency and for that reason, it seems not the best one to go long with even though it showed a Strong or Neutral performance.