Possible positions for this week:
The EUR/NZD looks interesting for going short on pullback in the Daily chart. The pullback is taking place so the opportunity seems to come very soon now. The EUR has a currency score of 2 at the moment and increased with 1 point compared to last weekend. It looks weak against the NZD, CHF, AUD and neutral against the other currencies. The NZD has a currency score of 8 and looks strong against almost all currencies and neutral against the USD and CHF.
FxTaTrader Forex weekly ranking and rating Week 13 / Update Wed. 25-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 instrument