Weekly Ranking And Rating: Tuesday, Week 10

 | Mar 04, 2015 12:53AM ET

AUD/NZD: Short
One short position has been opened this week. See for more information my Strategy article of this weekend. The AUD is having a currency a score of 4 and and the NZD a score of 7. See for more information the Currency score article of this weekend.

  • The AUD is clearly weak against the USD, GBP and NZD. It is +/- neutral against the other currencies.
  • The NZD is looking strong against almost all currencies except the USD. It is +/- neutral against the GBP.

The pair looks interesting with the Ichimoku, PSAR and MACD going short in the Daily chart. In the faster 4 Hour Time Frame the pair is looking fine also for going short. Only the PSAR is long but almost reversing and showing the preferred pattern of lower stop loss on opening of new long and short positions.

Possible positions for this week
The GBP/JPY seems more and more an opportunity to go long. The PSAR reversed and the pair could not break until now through the 76,4 % Fibo level. See for more information my Strategy article of this weekend.

FxTaTrader Forex weekly ranking and rating Week 10 / Update Tue. 03-Mar-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.