USD/CAD: Long Position Opened

EUR/CAD: Short positions of last week still open.
EUR is starting to weaken again on different pairs and the CAD is getting slowly stronger the last days. The 4H. and Daily chart of the pair are now both looking Neutral.

USD/CAD: Long position opened.
A position has been opened yesterday and on further pull back more positions will be opened. The 4H. and Daily chart of the pair are now both looking Bullish.

AUD/NZD: Waiting for possible pull back.
The pair is close to the Daily PSAR and is consolidating in the 4H. chart. Based on this positions may be opened any time in the coming period. The 4H. and Daily chart of the pair are now both looking Bearish.

Forex ranking and rating Tue. Wk 49 / 02-12-2014
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 Hybrid Grid strategy. Besides this list I also use the Currency Score which is available once a week on this blog also together with my weekly analysis on my Hybrid Grid Strategy.
Although the explanation may seem simple and clear there is always risk involved. I added a disclaimer to my blog for this purpose. If you like to use this article then mention the source by providing the URL FxTaTrader.com or the direct link to this article.

Disclaimer: The article is 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.