FX Weekly Ranking and Rating Wk08 / Wed. 18-Feb-2015

AUD/USD: Short
Little changes compared to yesterday. One short position with a traling stop is still open for the last three weeks. See for more information my weekly reviews on my strategy pubished in the last 3 weeks. The AUD is having a currency a score of 2 and increased with 1 point compared to last weekend and the USD is back at a score of 7 like last weekend. See for more information the Currency score article of this weekend. The pair is consolidating in the Daily chart but still in a downtrend.

Possible positions for this week
The EUR/NZD and the GBP/JPY look interesting and postions will be opened on pullback. The EUR got weaker during the week and the NZD stronger and no good pullback have taken place yet. The GBP/JPY made a double top around 184,20 and the PSAR is slowly getting closer to the current price in the Daily chart. With price being around the cloud area some consolidation may take place in the coming days and the lower side of the range around 181 can be tested again.

FxTaTrader Forex weekly ranking and rating Wk08 / Update Wed. 18-Feb-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 also together with my weekly analysis on my Strategy.

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.