Forex Ranking, Rating And Score For Week 13 / 27 March 2016 -

Forex Ranking, Rating And Score For Week 13 / 27 March 2016

Mar 27, 2016Jeremy ParkinsonFinance0

This is the article “Forex Ranking and Rating list” for the coming week, the article “Forex Strength and Comparison” has also been published this weekend.
When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going long: CHF(3X) with the JPY(3X) followed by the AUD(2X). The weaker currencies are the GBP(5X) followed by the NZD(3X) with the CAD(2X).
A nice combination for coming week may be e.g:

GBP/JPY with the AUD/NZD

GBP/CHF with the NZD/CHF

GBP/AUD with the CAD/CHF

NZD/JPY with the CAD/JPY

These are just a few examples and many other combinations are possible. The mentioned pair combinations can be traded at the same time according to the rules of the FxTaTrader strategy because these are all different currencies. By not trading the same currency in the same direction more than once in the same Time Frame you may have better chances with lower risk.

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Ranking and Rating list for Week 13 / 27-March-2016

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.

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For analyzing the best pairs to trade looking from a longer term perspective the last 3 months currency classification can be used as support.
This is updated during this weekend and provided here for reference purposes only::

Strong: USD / JPY / CHF. The preferred range is from 6 to 8.
Average: EUR, AUD, NZD. The preferred range is from 3 to 5.
Weak: GBP, CAD. The preferred range is from 1 to 2.
The charts are provided in the following article: “Forex Currency Score Classification for Wk13”.

When comparing the 3 months currency classification with the pairs mentioned in the Ranking list above some would then be less interesting. On the other hand these pairs are on the top of the list partly also because of their volatility. It seems then best to take postitions for a short term and take advantage of the high price movements.
With the FxTaTrader Strategy these pairs are not traded because these would be trades in the 4 Hour chart or in a lower Time Frame. Nevertheless they may offer good chances for the short term trader.

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