FxTaTrader


Forex Technical Analysis based on experience and research.

Sunday, March 27, 2016

Forex Strength and Comparison WK13

This is the article "Strength and Comparison" for the coming week, the article "Ranking, Rating and Score" has also been published this weekend.
For analyzing the best pairs to trade looking from a longer term perspective the last 3 months currency classification can be used in support.
This is updated on this weekend and is provided here for reference purposes:
Strong: USD / JPY / CHF. The preferred range is from 6 to 8.
Average: EUR, AUD, NZD. The preferred range is from 3 to 5.
Weak: GBP, CAD. The preferred range is from 1 to 2.
The charts are provided in the following article:  "Forex Currency Score Classification for Wk13".



______________________________________

13 Weeks Currency Score Strength for Week 13 / 27-March-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.
  • First of all the 13 weeks average and the strength over a period of 13 weeks. Both the average and the strength are shown in the table below.
  • The amount of weeks that a currency is stronger than another currency can also be evaluated.
  • Besides these the "13 weeks currency classification" chart of each currency is also consulted. These have been updated and can be found in the following article: "Forex Currency Score Classification for Wk13".


As can be seen the CHF gained a lot of strength lately being 9 of the 13 weeks stronger than the NZD and having a higher average also. That is why the CHF and the NZD switched places in the "Forex Currency Score Classification for Wk13" provided this weekend.

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Currency Score Comparison for Week 13 / 27-March-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. For more information about the currency Score of this week you can read the article "Forex Ranking, Rating and Score" which is published every week together with this article.
By using the comparison table here 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, see "Forex Currency Score Classification for Wk13", 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 must be far apart from each other 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.



______________________________________

Putting the pieces together

The article "Ranking, Rating and Score" published this weekend with the "Ranking and Rating List" contains the following interesting pairs
  • GBP/JPY with the AUD/NZD
  • GBP/CHF with the NZD/CHF
  • GBP/AUD with the CAD/CHF
  • NZD/JPY with the CAD/JPY
Based on the last "3 months currency classification" and the "Currency Comparison Table" the most interesting currencies for going long seem to be the CHF, JPY and AUD. These are strong or average currencies from a longer term perspective when looking at the last "3 months currency classification". For going short the same analysis can be done and the CAD, NZD and the GBP seem to fit the best. These are average or weak 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/JPY, GBP/CHF, GBP/AUD, GBP/USD, NZD/JPY, CAD/JPY, AUD/NZD EUR/GBP and the EUR/JPY. These are all pairs that are Approved in the "Currency Comparison Table".
  • A crossed join between the best pairs in the "Ranking and Rating List", the "Currency Comparison Table" and the pairs with the best charts mentioned here above shows that the EUR/GBP long and the EUR/JPY short are not included in the "Ranking and Rating List". These are pairs with a low Ranking of 11 and 27 but these are interesting pairs in the "Currency Comparison Table" and are pairs to watch too.


______________________________________

The Forex "13 Weeks Currency Strength" and the "Comparison table" provide meaningful data for my FxTaTrader strategy. Besides this I also use the "Forex Ranking, Rating and 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.

Forex Ranking, Rating and Score WK13

This is the article "Forex Ranking and Rating list" for the coming week, the article "Forex Strength and Comparison" 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: CHF(3X) with the JPY(3X) followed by the AUD(2X). The weaker currencies are the GBP(5X) followed by the NZD(3X) with the CAD(2X).
A nice combination for coming week may be e.g:
  • GBP/JPY with the AUD/NZD
  • GBP/CHF with the NZD/CHF
  • GBP/AUD with the CAD/CHF
  • NZD/JPY with the CAD/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 in the same Time Frame you may have better chances with lower risk.



______________________________________

Ranking and Rating list for Week 13 / 27-March-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.






______________________________________

For analyzing the best pairs to trade looking from a longer term perspective the last 3 months currency classification can be used as support.
This is updated during this weekend and provided here for reference purposes only:
Strong: USD / JPY / CHF. The preferred range is from 6 to 8.
Average: EUR, AUD, NZD. The preferred range is from 3 to 5.
Weak: GBP, CAD. The preferred range is from 1 to 2.
The charts are provided in the following article:  "Forex Currency Score Classification for Wk13".

When comparing the 3 months currency classification with the pairs mentioned in the Ranking list above some would then be less interesting. On the other hand these pairs are on the top of the list partly also because of their volatility. It seems then best to take postitions for a short term and take advantage of the high price movements.
With the FxTaTrader Strategy these pairs are not traded because these would be trades in the 4 Hour chart or in a lower Time Frame. Nevertheless they may offer good chances for the short term trader.



______________________________________

Currency Score for Week 13 / 27-March-2016

The Currency Score analysis is one of the parameters used for the Ranking and Rating list which is published also in this article. The Currency Score is 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 screenshot here below.



When comparing the 3 months currency classification with the recent Currency Score, as provided in the image above, we can determine the deviations. In the article "Forex Strength and Comparison" this is analyzed in more detail. Currencies with a high deviation seem less interesting to trade because they are less predictable. These currencies are at the moment e.g. the USD, NZD and the CAD. Unless they offer a clear opportunity based on the longer term they are avoided.
With the FxTaTrader Strategy these pairs are not traded because they may be trades in the 4 Hour chart or a lower Time Frame. Nevertheless they may offer good chances for the short term trader. In the article "Forex Strength and Comparison" we will look in more detail at the interesting pairs from a longer term perspective for trading in the Daily and Weekly chart. We will use the information from this article and analyze it further in more detail.




______________________________________

It is recommended to read the page Currency score explained and Models in practice for a better understanding of the article. The Forex "Ranking and Rating list" and the "Score Chart" provide meaningful data for my FxTaTrader strategy. Besides this I also use the Forex "Strength and Comparison" 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.

Forex Currency Score Classification for Wk13

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 13, 27 March 2016

The last 3 months currency classification from a longer term perspective are provided here with the new charts:
  • Strong: USD / JPY / CHF. The preferred range is from 6 to 8.
  • Average: EUR, AUD, NZD. The preferred range is from 3 to 5.
  • Weak: GBP, CAD. The preferred range is from 1 to 2.
The CHF gained a lot of strength lately being 9 of the 13 weeks stronger than the NZD and having a higher average also. That is why the CHF and the NZD switched places. See for more information the article: Forex Strength and Comparison WK13



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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.










______________________________________

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.



______________________________________ 

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, March 20, 2016

Forex Strength and Comparison WK12

This is the article "Strength and Comparison" for the coming week, the article "Ranking, Rating and Score" has also been published this weekend.
For analyzing the best pairs to trade looking from a longer term perspective the last 3 months currency classification can be used as support.
This is updated during this weekend and provided here for reference purposes only::
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.
The charts are provided in the following article:  "Forex Currency Score Classification for Wk9".




______________________________________

13 Weeks Currency Score Strength for Week 12 / 20-March-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.
  • First of all the 13 weeks average and the strength over a period of 13 weeks. Both the average and the strength are shown in the table below.
  • The amount of weeks that a currency is stronger than another currency can also be evaluated.
  • Besides these the "13 weeks currency classification" chart of each currency is also consulted. These have been updated and can be found in the following article: "Forex Currency Score Classification for Wk9".





______________________________________

Currency Score Comparison for Week 12 / 20-March-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. For more information about the currency Score of this week you can read the article "Forex Ranking, Rating and Score" which is published every week together with this article.
By using the comparison table here 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, see "Forex Currency Score Classification for Wk9"", 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 must be far apart from each other 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.


______________________________________

Putting the pieces together

The article "Ranking, Rating and Score" published this weekend with the "Ranking and Rating List" contains the following interesting pairs
  • GBP/CHF with the NZD/JPY
  • GBP/AUD with the USD/JPY
  • AUD/USD with the NZD/CHF
  • USD/CHF with the GBP/JPY
Based on the last "3 months currency classification" and the "Currency Comparison Table" the most interesting currencies for going long seem to be the CHF, AUD and JPY. These are strong or average currencies from a longer term perspective when looking at the last "3 months currency classification". For going short the same analysis can be done and the EUR with the GBP seem to fit the best. These are average or weak 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/CHF, GBP/AUD, GBP/JPY, EUR/GBP and the EUR/JPY. These are all pairs that are Approved in the "Currency Comparison Table".
  • A crossed join between the best pairs in the "Ranking and Rating List", the "Currency Comparison Table" and the pairs with the best charts mentioned here above shows that the EUR/GBP long and the EUR/JPY short are not included in the "Ranking and Rating List". These are pairs with a low Ranking of 14 and 19 but these are interesting pairs in the "Currency Comparison Table" and are pairs to watch too.


______________________________________

The Forex "13 Weeks Currency Strength" and the "Comparison table" provide meaningful data for my FxTaTrader strategy. Besides this I also use the "Forext Ranking, Rating and 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.

Forex Ranking, Rating and Score WK12

This is the article "Forex Ranking and Rating list" for the coming week, the article "Forex Strength and Comparison" 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: CHF(3X) with the AUD(3X) followed by the JPY(2X). The weaker currencies are the GBP(4X) followed by the USD(3X) and the NZD(2X).
A nice combination for coming week may be e.g:
  • GBP/CHF with the NZD/JPY
  • GBP/AUD with the USD/JPY
  • AUD/USD with the NZD/CHF
  • USD/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 in the same Time Frame you may have better chances with lower risk.



______________________________________

Ranking and Rating list for Week 12 / 20-March-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.






______________________________________

For analyzing the best pairs to trade looking from a longer term perspective the last 3 months currency classification can be used in support.
This was updated on 28-Februari-2016 and is provided here for reference purposes:
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.
The charts are provided in the following article:  "Forex Currency Score Classification for Wk9".

When comparing the 3 months currency classification with the pairs mentioned in the Ranking list above some would then be less interesting. On the other hand these pairs are on the top of the list partly also because of their volatility. It seems then best to take postitions for a short term and take advantage of the high price movements.
With the FxTaTrader Strategy these pairs are not traded because these would be trades in the 4 Hour chart or in a lower Time Frame. Nevertheless they may offer good chances for the short term trader.



______________________________________

Currency Score for Week 12 / 20-March-2016

The Currency Score analysis is one of the parameters used for the Ranking and Rating list which is published also in this article. The Currency Score is 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 screenshot here below.



When comparing the 3 months currency classification with the recent Currency Score, as provided in the image above, we can determine the deviations. In the article "Forex Strength and Comparison" this is analyzed in more detail. Currencies with a high deviation seem less interesting to trade because they are less predictable. These currencies are at the moment e.g. the USD, NZD and the CAD.
With the FxTaTrader Strategy these pairs are not traded because these would be trades in the 4 Hour chart or a lower Time Frame. Nevertheless they may offer good chances for the short term trader. In the article "Forex Strength and Comparison" we will look in more detail at the interesting pairs from a longer term perspective for trading in the Daily and Weekly chart. We will use the information from this article and analyze it further in more detail.



______________________________________

It is recommended to read the page Currency score explained and Models in practice for a better understanding of the article. The Forex "Ranking and Rating list" and the "Score Chart" provide meaningful data for my FxTaTrader strategy. Besides this I also use the Forex "Strength and Comparison" 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, March 13, 2016

Forex Strength and Comparison WK11

This is the article "Strength and Comparison" for the coming week, the article "Ranking, Rating and Score" has also been published this weekend.
The last 3 months currency classification from a longer term perspective updated on 28-Februari-2016 are provided here for reference purposes:
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.
The charts are provided in the following article:  "Forex Currency Score Classification for Wk9".


______________________________________

13 Weeks Currency Score Strength for Week 11 / 13-March-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 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 strength over a period of 13 weeks. Both, the average and the strength can be seen in the table below. 
  • Besides this the "13 weeks currency classification" chart of each currency is also consulted. These have been updated and can be found in the following article: "Forex Currency Score Classification for Wk9".




______________________________________

FxTaTrader Forex Weekly Currency Score Comparison for Week 11 / 13-March-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. For more information about the currency Score of this week you can read the article "Forex Ranking, Rating and Score" which is published every week together with this article.
By using the comparison table here below you have a view where no volatility and statistics are used for comparing the currencies and strength. Only the strength of each currency against the counterparts has been analyzed by using the Technical analysis charts of the 4 Time Frames also used for the "Ranking and Rating List". The information from the Comparison Table is the source for calculating the "Ranking and Rating List" with 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 at the same time taking the current development also into account. By coloring the currencies according to their Classification, see "Forex Currency Score Classification for Wk9", we can show what the best combinations are. In doing this we apply 2 rules to make it all 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 must be far separate from each other in the range from 1 to 8. This can mean 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 are at least one classification separated 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 of classification in the future. See the current classification for the coming period at the top of this article.


______________________________________

The Forex "13 Weeks Currency Strength" and the "Comparison table" provide meaningful data for my FxTaTrader strategy. Besides this I also use the "Forex Ranking, Rating and 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.

Forex Ranking, Rating and Score WK11

This is the article "Forex Ranking, Rating and Score" for the coming week, the article "Forex Strength and Comparison" 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: AUD(4X) followed by the CAD(3X) and the CHF(2X). The weaker currencies are the USD(3X) with the GBP(3X) followed by the EUR(2X).
A nice combination for coming week may be e.g:
  • GBP/AUD with the USD/CHF
  • EUR/AUD with the GBP/CHF
  • EUR/AUD with the USD/CHF
  • AUD/USD with the GBP/CHF
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 in the same Time frame you may have better chances with lower risk.



______________________________________

Ranking and Rating list for Week 11 / 13-March-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.





______________________________________

Currency Score for Week 11 / 13-March-2016

The Currency Score analysis is one of the parameters used for the Ranking and Rating list which is published also in this article. Besides the analyses in this article and the corresponding charts I also provide the article "Forex Strength and Comparison".

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 screenshot in this article showing the 13 Weeks average Currency Score Data.

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 the deviations when comparing these scores with the most recent classifications, see "Forex Currency Score Classification for Wk9".





______________________________________

The Forex "Ranking and Rating list" and the "Score Chart" provide meaningful data for my FxTaTrader strategy. Besides this I also use the Forex "Strength and Comparison" 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, March 6, 2016

Forex Currency Score for Wk10

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 2 screenshots in this article showing the  13 Weeks Currency Score Data, Currency Score Chart and the Currency Score Data table.

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Currency Score for Week 10 / 6-March-2016

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 we can see the deviations when comparing these scores with the most recent classifications, see "Forex Currency Score Classification for Wk9".




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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.
  • Besides this the "13 weeks currency classification" chart of each currency is also consulted. These have been updated and can be found in the following article: "Forex Currency Score Classification for Wk9".


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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.


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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 Ranking and Rating for Wk10

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: AUD(5X) followed by the NZD(3X). The weaker currencies are the EUR(3X) aith the GBP(3X) followed by the CHF(2X).
A nice combination for coming week may be e.g:
  • EUR/AUD with the GBP/NZD
  • GBP/AUD with the EUR/NZD
  • EUR/NZD with the AUD/CHF
  • GBP/AUD with the NZD/CHF
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 in the same Time frame you may have better chances with lower risk.


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FxTaTrader Forex weekly ranking and rating list for Week 10 / 6-March-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.

Tuesday, March 1, 2016

Forex Currency Score for March

The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was also published this week. 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 on 3 time frames: the monthly, weekly and daily. The result of the technical analysis is the 2 screenshots in this article showing the Currency Score Chart and the Currency Data Table.


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Currency Score for March 2016 / Updated 28-February-2016

For analyzing the best pairs to trade the last 12 months currency classification is the first issue. When looking at the most recent score that is used for the coming period we we can see the deviations when comparing these scores with the most recent classifications, see "Forex Currency Score Classification for January".





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12 Months Currency Score Data

The 12 month currency score data and the 12 month average is provided here below. This data and the "12 month 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.
  • Besides this the "12 months currency classification" chart of each currency is also consulted. These have been updated and can be found in the following article: Forex Currency Score Classification for January




______________________________________

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.
______________________________________

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 March

This is the article "Forex Ranking and Rating list" for the coming month, the article "Currency Score" will also be published this week.
In the coming period only the article "Ranking & Ratig 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) followed by 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
  • USD/CAD 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 monthly ranking and rating list for March / Created: 28 February 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.


______________________________________

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.