Forex Ranking, Rating And Score For Week 35

Welcome to my “Ranking, Rating and Score” article for the coming week, the article “Strength and Comparison” has also been published.

When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going long: NZD(4X) followed by the JPY(2X) with the USD(2X). The weaker currencies are the CHF(4X) followed by the AUD(3X)

A nice combination for coming week 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. 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.

When trading with more than 2 micro lots it is a good idea to have a diversification and depending on your bias it may offer opportunities by going long or short on a specific currency trading it against different other currencies.

Ranking and Rating list

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.

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 7 August 2016 and is provided here for reference purposes:

Strong: USD, JPY, NZD. The preferred range is from 6 to 8.

Average: CHF, AUD, CAD. The preferred range is from 3 to 5.

Weak: EUR, GBP. The preferred range is from 1 to 2.