Weekly Ranking And Rating: Week Of Wednesday, January 14, 2015

Weekly ranking and rating Wednesday, January 14, 2015: Week 2

AUD/USD: Avoiding this pair for now
Open short positions of last week have been stopped out and for now this pair is being avoided. There are little changes compared to yesterday. It seems like the pair will continue to consolidate and after the break through the high of 0,82154 the direction remains unclear for the moment.
The AUD is currently an average performer (Score:4) and the USD is still the strongest so far this week according to the FxTaTrader Currency Score.

EUR/NZD: Pull back not strong enough yet
Also for this pair are little changes compared to yesterday. The pair tumbled last week and is after the pull back of this week still below the lower Weekly Bollinger Band. No positions will be opened for now but the pair remains interesting for the FxTaTrader
Weekly strategy once it gets inside the Bollinger Band again.
The EUR is currently the weakest currency and the NZD is still one of the strongest (Score: 7) so far this week according to the FxTaTrader Currency Score.

Possible positions for this week
At the moment no positions are taken for the FxTaTrader strategy although the EUR/USD looks interesting. However, also for this pair it seems as there will be some consolidation in the coming days. Many other pairs in the Top 10 are looking interesting also but are outside the Bollinger Band in the Weekly chart. However, they may still be interesting for trading intraday or based on a longer time frame being in this case the monthly.

FxTaTrader Forex weekly ranking and rating week 2 / Update Wed. 14-Jan-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 means 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.

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.