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 Wk13 / 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.
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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.
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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. The choice and risk is always yours. Thank you.
