Possible positions for this week The Ranking and Rating list is not very much colored and the reason for this is that many currencies switched places in the Currency Score. Many pairs become for this reason neutral with no clear direction. The Top 10 is still looking fine however offering opportunities. The EUR/GBP which was analysed last weekend disappeared from the list because the EUR got stronger in the last few days with a currency score of 3 followed by the USD and JPY. The GBP is still strong with a score of 7 behind the CHF with a score of 8. Instead of the EUR/GBP the GBP/JPY seems now to be an opportunity and is looking fine already for a few days. The 4 Hour and Daily chart are looking fine. The pair became bullish in the Weekly chart after being neutral for about 3 months. FxTaTrader forex weekly ranking and rating Week 18 / Update Wed. 29-Apr-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.
Forex Weekly Ranking And Rating Week 18
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.