Welcome to my “Forex Ranking and Rating list” article for the coming month. See also my article “Forex Strength and Comparison” for this month.
When looking at the Top 10 in the Monthly Ranking and Rating list we can see that for the coming month the following stronger currencies are well represented for going long: AUD(2X) followed by the CHF(2X) with the JPY(2X). The weaker currencies are the GBP(5X) followed by the CAD(2X).
A nice combination for coming month may be e.g:
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. For the GBP/AUD no other pair combination can be found.
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Ranking and Rating list for Month April / 2 April 2016
Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info. Every month the Forex ranking rating list will be prepared as the months change. All the relevant Time Frames will be analyzed and the ATR and Pip value will be set.
For analyzing the best pairs to trade looking from a longer term perspective the last 12 months currency classification can be used in support.
This was updated on 3 January 2016 and is provided here for reference purposes:
Strong: USD / GBP / CHF. The preferred range is from 6 to 8.
Average: NZD, JPY. The preferred range is from 4 to 5.
Weak: EUR, AUD, CAD. The preferred range is from 1 to 3.
The charts were provided in the article: “Forex Currency Score Classification for January”
When comparing the 12 months Currency Classification with the pairs mentioned in the Ranking List above some would then become less interesting. On the other hand these pairs are at the top of the list partly also because of their volatility. It seems best to take postitions for a shorter term then and take advantage of the high price movements.
