Forex Ranking, Rating And Score For Week 10 / 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: USD(4X) followed by the AUD(3X). The weaker currencies are the GBP(5X) followed by the NZD(2X) and CAD(2X).
A nice combination for coming week may be e.g:

• GBP/USD with the AUD/NZD
• GBP/AUD with the USD/CAD
• NZD/USD with the AUD/CAD

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: GBP/USD, GBP/AUD, EUR/GBP, GBP/CHF, USD/CAD, AUD/NZD, AUD/CAD, USD/CHF and AUD/JPY. For more details, read both of my articles where the relevant Charts and Tables are provided.

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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 for 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 13 weeks Currency Classification can be used in support.
This was updated on 5 March 2017 and is provided here for reference purposes:
Strong: USD, NZD, AUD, CAD. The preferred range is from 5 to 8.
Neutral: CHF. The preferred range is from 4.
Weak: JPY, EUR, GBP. The preferred range is from 1 to 3.
 

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Currency Score Chart

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 13 weeks 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. A good example at the moment is/are e.g. the EUR, CAD and NZD.