Forex Ranking, Rating And Score For Week 8 / 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: AUD(3X) with the JPY(3X) followed by the CAD(2X). The weaker currencies are the GBP(5X) followed by the EUR(3X) and the CHF(2X).
A nice combination for coming week may be e.g:

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

Some of the pairs in the list comply for a longer term trade based on the Technical Analysis (TA) of the Daily and Weekly chart. For the coming week these seem to be: EUR/CAD, GBP/AUD, EUR/AUD, GBP/CAD, GBP/NZD, AUD/CHF and CAD/CHF. For more details read both of my articles where the relevant Charts and Tables are provided.

______________________________________

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.
This was updated on 12 Fegruary 2017 and is provided here for reference purposes: 
Strong: USD, NZD, CAD. The preferred range is from 6 to 8.
Neutral: CHF, AUD. The preferred range is from 4 to 5.
Weak: JPY, EUR, GBP. The preferred range is from 1 to 3.

When comparing the 13 weeks 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 positions 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.

______________________________________