FxTaTrader


Forex Technical Analysis based on experience and research.

Sunday, March 13, 2016

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.