FxTaTrader


Forex Technical Analysis based on experience and research.

Sunday, February 28, 2016

Forex Currency Score Classification for Wk9

This article provides the Currency Classification for the coming weeks based on my analysis for the 8 major currencies. This is based on the technical analysis charts using the
MACD and Ichimoku indicator on 4 time frames: the monthly, weekly, daily and 4 hours. The result of the technical analysis are the Currency Classifications charts in this article.


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 Last 3 months currency classification updated on Week 9, 28-February-2016

The last 3 months currency classification from a longer term perspective are provided here with the new charts:
  • Strong: USD / JPY / NZD. The preferred range is from 6 to 8.
  • Average: CHF, EUR, AUD. The preferred range is from 3 to 5.
  • Weak: GBP, CAD. The preferred range is from 1 to 2.


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Here below are the charts providing the Currency classifications. There are three charts showing resp. the strong, average and weak currencies.










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It is recommended to read the page Currency score explained and Models in practice for a better understanding of the article. When trading according to the FxTaTrader Strategy some rules are in place. Depending on the opportunities that may come up the decision to trade a currency may become more obvious at that moment. If you would like to use this article then mention the source by providing the URL FxTaTrader.com or the direct link to this article. Good luck in the coming week.



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DISCLAIMER: The articles are my personal opinion, not recommendations, FX trading is risky and not suitable for everyone.The content is for educational purposes only and is aimed solely for the use by ‘experienced’ traders in the FOREX market as the contents are intended to be understood by professional users who are fully aware of the inherent risks in forex trading. The content is for 'Forex Trading Journal' purpose only. Nothing should be construed as recommendation to purchase any financial instruments. The choice and risk is always yours. Thank you.

Forex Currency Score for Wk9

The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend. Besides this analysis and the corresponding chart I also provide the Forex ranking and rating list.

It is recommended to read the page Currency score explained and Models in practice for a better understanding of the article. This article will provide my analysis on the 8 major currencies based on the technical analysis charts using the MACD and Ichimoku indicator on 4 time frames: the monthly, weekly, daily and 4 hours. The result of the technical analysis is the 3 screenshots in this article showing the  13 Weeks Currency Score Data, Currency Score and the Currency deviation table.


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Currency Score

For analyzing the best pairs to trade the last 3 months currency classification is the first issue. When looking at the most recent score that is used for the coming period we can see in the screenshot below the deviations and we can draw the first set of conclusions. These are given below the screenshot.




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13 Weeks Currency Score Data

The 13 weeks currency score data and the 13 weeks average is provided here below. This data and the "3 months currency classification" are considered for choosing the preferred range.
Because it is not ideal nor desired to change the range for a currency every single week, we can make several checks to avoid this.
  • First of all the 13 weeks average and the scores over a period of 13 weeks. Both, the average and the scores can be seen in the table below. 
  • Besides this the "3 months currency classification" chart of each currency is also consulted. These have been updated and can be found in Currency Score Classification published this weekend for the coming week.


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A good foundation is provided for looking at the Weekly and Daily Technical analysis chart of a specific pair by using the (1)"Ranking and Rating list", published earlier this weekend, with the above (2)"Weekly Currency Score" analysis.
  • The analyses are complementary where:
    • the "Ranking and Rating list" takes strength, direction and volatility into account.
    • the "Currency score" with the "Currency Score Data Table" looks for the strong trends and pullbacks.
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When trading according to the FxTaTrader Strategy some rules are in place. Depending on the opportunities that may come up the decision to trade a currency may become more obvious at that moment. If you would like to use this article then mention the source by providing the URL FxTaTrader.com or the direct link to this article. Good luck in the coming week.



______________________________________ 

DISCLAIMER: The articles are my personal opinion, not recommendations, FX trading is risky and not suitable for everyone.The content is for educational purposes only and is aimed solely for the use by ‘experienced’ traders in the FOREX market as the contents are intended to be understood by professional users who are fully aware of the inherent risks in forex trading. The content is for 'Forex Trading Journal' purpose only. Nothing should be construed as recommendation to purchase any financial instruments. The choice and risk is always yours. Thank you.

Forex Ranking and Rating for Wk9

This is the article "Forex Ranking and Rating list" for the coming week, the article Currency Score has also been published this weekend
When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going long: JPY(2X) with the CAD(2X) and the USD(2X). The weaker currencies are the GBP(5X) followed by the EUR(4X).
A nice combination for coming week may be e.g:
  • GBP/JPY with the EUR/USD
  • GBP/USD with the EUR/JPY
These are just a few examples and many other combinations are possible. The mentioned pair combinations can be traded at the same time according to the rules of the FxTaTrader strategy because these are all different currencies. By not trading the same currency in the same direction more than once you may have better chances with lower risk.


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FxTaTrader Forex weekly ranking and rating list for Week 9 / 28-February-2016

Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info. Every week the Forex ranking rating list will be prepared in the weekend. All the relevant Time Frames will be analyzed and the ATR and Pip value will be set.


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The Forex ranking and rating list is meaningful data for my FxTaTrader strategy. Besides this list I also use the Currency Score which is also available once a week on my blog at FxTaTrader.com. If you would like to use this article then mention the source by providing the URL FxTaTrader.com or the direct link to this article. Good luck in the coming week.


______________________________________

DISCLAIMER: The articles are my personal opinion, not recommendations, FX trading is risky and not suitable for everyone.The content is for educational purposes only and is aimed solely for the use by ‘experienced’ traders in the FOREX market as the contents are intended to be understood by professional users who are fully aware of the inherent risks in forex trading. The content is for 'Forex Trading Journal' purpose only. Nothing should be construed as recommendation to purchase any financial instruments. The choice and risk is always yours. Thank you.

Sunday, February 21, 2016

Forex Ranking and Rating for Wk8

In the coming period only the article "Ranking & Rating List" will be published. At the moment the process for generating the articles is being optimized and streamlined. The expectation is to publish all the articles again somewhere in February. Thanks for your understanding.

When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going long: JPY(4X) followed by the EUR(2X). The weaker currencies are the GBP(6X) followed by the NZD(2X).
A nice combination for coming week may be e.g:
  • GBP/JPY with the EUR/NZD
  • GBP/NZD with the EUR/GBP
These are just a few examples and many other combinations are possible. The mentioned pair combinations can be traded at the same time according to the rules of the FxTaTrader strategy because these are all different currencies. By not trading the same currency in the same direction more than once you may have better chances with lower risk.

 The article Currency Score has also been published this weekend.
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FxTaTrader Forex weekly ranking and rating list for Week 8 / 21-February-2016

Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info. Every week the Forex ranking rating list will be prepared in the weekend. All the relevant Time Frames will be analyzed and the ATR and Pip value will be set.


______________________________________

The Forex ranking and rating list is meaningful data for my FxTaTrader strategy. Besides this list I also use the Currency Score which is also available once a week on my blog at FxTaTrader.com. If you would like to use this article then mention the source by providing the URL FxTaTrader.com or the direct link to this article. Good luck in the coming week.


______________________________________

DISCLAIMER: The articles are my personal opinion, not recommendations, FX trading is risky and not suitable for everyone.The content is for educational purposes only and is aimed solely for the use by ‘experienced’ traders in the FOREX market as the contents are intended to be understood by professional users who are fully aware of the inherent risks in forex trading. The content is for 'Forex Trading Journal' purpose only. Nothing should be construed as recommendation to purchase any financial instruments. The choice and risk is always yours. Thank you.

Sunday, February 14, 2016

Forex Ranking and Rating for Wk7

In the coming period only the article "Ranking & Rating List" will be published. At the moment the process for generating the articles is being optimized and streamlined. The expectation is to publish all the articles again somewhere in February. Thanks for your understanding.

When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going long: JPY(5X) with the CHF(3X) and the EUR(2X). The weaker currencies are the AUD(3X) with the CAD(3X) followed by the GBP(2X).
A nice combination for coming week may be e.g:
  • AUD/JPY with the CAD/CHF
  • GBP/JPY with the EUR/AUD
  • CAD/JPY with the GBP/CHF
  • AUD/CHF with the EUR/CAD
These are just a few examples and many other combinations are possible. The mentioned pair combinations can be traded at the same time according to the rules of the FxTaTrader strategy because these are all different currencies. By not trading the same currency in the same direction more than once you may have better chances with lower risk.


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FxTaTrader Forex weekly ranking and rating list for Week 7 / 14-February-2016

Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info. Every week the Forex ranking rating list will be prepared in the weekend. All the relevant Time Frames will be analyzed and the ATR and Pip value will be set.


______________________________________

The Forex ranking and rating list is meaningful data for my FxTaTrader strategy. Besides this list I also use the Currency Score which is also available once a week on my blog at FxTaTrader.com. If you would like to use this article then mention the source by providing the URL FxTaTrader.com or the direct link to this article. Good luck in the coming week.


______________________________________

DISCLAIMER: The articles are my personal opinion, not recommendations, FX trading is risky and not suitable for everyone.The content is for educational purposes only and is aimed solely for the use by ‘experienced’ traders in the FOREX market as the contents are intended to be understood by professional users who are fully aware of the inherent risks in forex trading. The content is for 'Forex Trading Journal' purpose only. Nothing should be construed as recommendation to purchase any financial instruments. The choice and risk is always yours. Thank you.

Sunday, February 7, 2016

Forex Ranking and Rating for Wk6

In the coming period only the article "Ranking & Rating List" will be published. At the moment the process for generating the articles is being optimized and streamlined. The expectation is to publish all the articles again somewhere in February. Thanks for your understanding.

When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going long: JPY(3X) with the CHF(3X) and the EUR(3X). The weaker currencies are the GBP(4X) followed by the AUD(3X) and the CAD(2X).

A nice combination for coming week may be e.g:
  • AUD/JPY with the EUR/GBP
  • CAD/JPY with the AUD/CHF
  • CAD/CHF with the GBP/JPY
These are just a few examples and many other combinations are possible. The mentioned pair combinations can be traded at the same time according to the rules of the FxTaTrader strategy because these are all different currencies. By not trading the same currency in the same direction more than once you may have better chances with lower risk.


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FxTaTrader Forex weekly ranking and rating list for Week 6 / 7-February-2016

Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info. Every week the Forex ranking rating list will be prepared in the weekend. All the relevant Time Frames will be analyzed and the ATR and Pip value will be set.


______________________________________

The Forex ranking and rating list is meaningful data for my FxTaTrader strategy. Besides this list I also use the Currency Score which is also available once a week on my blog at FxTaTrader.com. If you would like to use this article then mention the source by providing the URL FxTaTrader.com or the direct link to this article. Good luck in the coming week.


______________________________________

DISCLAIMER: The articles are my personal opinion, not recommendations, FX trading is risky and not suitable for everyone.The content is for educational purposes only and is aimed solely for the use by ‘experienced’ traders in the FOREX market as the contents are intended to be understood by professional users who are fully aware of the inherent risks in forex trading. The content is for 'Forex Trading Journal' purpose only. Nothing should be construed as recommendation to purchase any financial instruments. The choice and risk is always yours. Thank you.

Tuesday, February 2, 2016

Forex Ranking and Rating for February

In the coming period only the article "Ranking & Rating List" will be published. At the moment the process for generating the articles is being optimized and streamlined. The expectation is to publish all the articles again somewhere in February. Thanks for your understanding.

When looking at the Top 10 in the Monthly Ranking and Rating list we can see that for the coming month the following stronger currencies are well represented for going long: USD(5X) followed by the JPY(2X) and the EUR(2X). The weaker currencies are the CAD(3X) with by the GBP(3X) and the NZD(2X).
A nice combination for coming week may be e.g:
  • GBP/USD with the EUR/NZD
  • EUR/CAD with the NZD/USD
These are just a few examples and many other combinations are possible. The mentioned pair combinations can be traded at the same time according to the rules of the FxTaTrader strategy because these are all different currencies. By not trading the same currency in the same direction more than once you may have better chances with lower risk.


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FxTaTrader Forex monthly ranking and rating list for February / Created: 31 January 2016

Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info. Every month the Forex ranking rating list will be prepared at the month change. All the relevant Time Frames will be analyzed and the ATR and Pip value will be set.


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The monthly articles will be published during weekdays only. When the 1st of the month is on Monday, Tuseday or Wednesday the weekend before will be used for creating the models. Otherwise the weekend after will be used. Reason for creating the information in the weekend is because the Weekly close is more important than the daily close.

The Forex monthly ranking and rating list is meaningful data for my FxTaTrader strategy. Besides this list I also use the Monthly Currency Score which is also available once a month on my blog at FxTaTrader.com. If you would like to use this article then mention the source by providing the URL FxTaTrader.com or the direct link to this article. Good luck in the coming month.


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DISCLAIMER: The articles are my personal opinion, not recommendations, FX trading is risky and not suitable for everyone.The content is for educational purposes only and is aimed solely for the use by ‘experienced’ traders in the FOREX market as the contents are intended to be understood by professional users who are fully aware of the inherent risks in forex trading. The content is for 'Forex Trading Journal' purpose only. Nothing should be construed as recommendation to purchase any financial instruments. The choice and risk is always yours. Thank you.