FX Weekly Ranking and Rating Wk11 / Tue. 10-Mar-2015

AUD/NZD: Short
Unfortunately all positions have been stopped out this week. No positions will be opened anymore until the Daily chart picks up the downtrend again.

Positions are still open for the pair. The GBP looks still strong with a currency score of 7 and the JPY is still at the higher side of the range with a score remaining at 6. The currency looks strong in the 4 hour and Daily chart but weak in the longer time frames. The chances are high that the currency willweaken in the coming period.

Possible positions for this week
The EUR/USD and the USD/CHF are looking interesting. With the USD being by far the stronger currency and the EUR and CHF clearly being the weaker ones it seems still to be an opportunity.

FxTaTrader Forex weekly ranking and rating Wk11 / Update Tue. 10-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.

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.