For the coming week the following stronger currencies are well represented for going long: JPY(5X) followed by the CAD(2X) with the CHF(2X). The weaker currencies are the GBP(4X) followed by the AUD(3X).
A nice combination for coming week may be e.g:

• GBP/JPY with the AUD/CHF
• AUD/JPY with the GBP/CHF
• GBP/CAD with the AUD/JPY
• GBP/CAD with the AUD/CHF

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. Generally speaking, 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. In any case it seems always better to spread risk and this can be done in many different ways.

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Ranking and Rating list for Week 18 / 1 May 2016

Analysis based on TA charts for all the major currency pairs. 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 in support.
This was updated on 24 April 2016 and is provided here for reference purposes: 
Strong: JPY, AUD, CHF. The preferred range is from 6 to 8.
Average: USD, CAD, NZD. The preferred range is from 3 to 5.
Weak: EUR, GBP. The preferred range is from 1 to 2.
The charts were provided in the article:  "Forex Currency Score Classification for Wk17".

When comparing the 3 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 short period then 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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Currency Score for Week 18 / 1 May 2016

The Currency Score analysis is one of the parameters used for the Ranking and Rating list which is published also in this article. The Currency Score is my analysis on the 8 major currencies based on the technical analysis charts using the MACD and Ichimoku indicator on 4 Time Frames: the monthly, weekly, daily and 4 hours. The result of the technical analysis is the screenshot here below.

When comparing the 3 months Currency Classification with the recent Currency Score, as provided in the image above, we can determine the deviations. In the article "Forex Strength and Comparison" this is analyzed in more detail. Currencies with a high deviation seem less interesting to trade because they are less predictable. These currencies are at the moment e.g. the EUR and the AUD. Unless these currencies offer a clear opportunity based on the longer term they are avoided.