The following stronger currencies are well represented for going long: USD(3X) with the NZD(3X). The weaker currencies are the GBP(6X) followed by the CAD(2X) with the EUR(2X).
A nice combination for coming month may be e.g:
Some of the pairs in the Top 10 comply for a longer term trade based on the Technical Analysis (TA) of the Weekly and Monthly chart. For the coming month these seem to be:
GBP/NZD, GBP/USD, GBP/CHF, NZD/CAD, GBP/AUD, GBP/JPY and EUR/USD.
For more details read both of my articles where the relevant Charts and Tables are provided.
For the GBP pairs the GBP/NZD seems the most interesting not being yet in the overbought/oversold followed by the GBP/CHF which is a little bit in that area but may stay within when the new month starts. The GBP/USD is in extreme overbought/oversold area according to the monthly chart using the Bollinger Band(20). Strong overbought/oversold areas in the Monthly chart may still offer a good opportunity but the pull back may be strong!
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 always seems better to spread risk and this can be done in many different ways.
When trading with more than 2 micro lots it is a good idea to have a diversification and depending on your preferences it may offer opportunities by going long or short on a specific currency trading it against other currencies.
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