Forex Ranking, Rating And Score For Week 13 / 2017

The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: JPY(4X) with the CHF(4X). The weaker currencies are the CAD(3X) with the NZD(3X) followed by the GBP(2X).
A nice combination for coming week may be e.g:

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


Ranking and Rating list

Analysis based on TA charts for all the major currency pairs. 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 13 weeks Currency Classification can be used in support.
Strong: USD, AUD. The preferred range is from 7 to 8.
Neutral: JPY, CHF, NZD, CAD. The preferred range is from 3 to 6.
Weak: EUR, GBP. The preferred range is from 1 to 2.

These pairs are at the top of the list partly also because of their volatility. It seems best to take positions for a short period then and take advantage of the high price movements.
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.


Currency Score Chart
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 shown below.


 

Disclaimer:

Besides this article I also use the Forex ...

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