Forex Ranking And Rating For January
Forex Technical Analyst Trader | Jan 06, 2016 12:51AM ET
Besides the Ranking and Rating list provided here I will also prepare this week the Monthly Currency Score list which will support my analysis for trading in the coming month.
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: NZD(4X) followed by the USD(3X). The weaker currencies are the CAD(4X) followed by the GBP(3X) and the EUR(2X).
A nice combination for coming week may be e.g:
- EUR/NZD with the USD/CAD
- NZD/CAD with the EUR/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.
FxTaTrader Forex monthly ranking and rating list for January / Updated 3-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.
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.
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