Weekly Ranking And Rating, Week 35: Sunday, August 23rd, 2015
Forex Technical Analyst Trader | Aug 23, 2015 05:05AM ET
Besides the Ranking and Rating list provided here, I will also prepare this weekend the Weekly Currency Score list, which will support my analysis for trading in the coming week.
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: EUR(4X) followed by the CHF(3X) and the GBP(2X). The weaker currencies are the CAD(4X) followed by the AUD(3x) and the NZD(2X).
A nice combination for coming week may be e.g:
- EUR/AUD with the NZD/CHF
- EUR/CAD with the AUD/CHF
- GBP/AUD with the CAD/CHF
- GBP/CAD eith the EUR/NZD
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
Weekly Ranking and Rating List Week 35 / Sunday, August 23rd, 2015
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.
There will be 2 updates during the week on Tuesday and Wednesday. The Daily and 4 Hour chart will then be analyzed and updated.
This makes that there will be no more than 48 trading hours between each update. This is a reasonable period when considering that the smallest time frame used is the 4 hours, meaning 12 price bars/candlesticks.
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.
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