AUD/USD: Short
Little
changes compared to yesterday. One short position with a traling stop
is still open for the last three
weeks.
See for more information my weekly reviews on my strategy pubished in
the last 3 weeks. The AUD is having a currency
a score of 2 and increased with 1 point compared to last weekend and
the USD is back at a score of 7 like last weekend. See for more
information the Currency score article of this weekend. The pair is
consolidating in the Daily chart but still in a downtrend.
Possible positions for
this week
The EUR/NZD and the GBP/JPY look interesting and postions will be
opened on pullback. The EUR got weaker during the week and the NZD
stronger and no good pullback have taken place yet. The GBP/JPY made a
double top around 184,20 and the PSAR is slowly getting closer to the
current price in the Daily chart. With price being around the cloud
area some consolidation may take place in the coming days and the lower
side of the range around 181 can be tested again.
FxTaTrader Forex weekly ranking
and rating Wk08 / Update Wed. 18-Feb-2015
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.
There will be 2 updates during the week on
Tuesday and Wednesday. The Daily and 4 Hour chart will then be analyzed
and updated.
This makes that there will be no more than 48 trading hours between
each update. This is a reasonable period when considering that the
smallest time
frame used is the 4 hours, meaning 12 price bars/candlesticks.
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The Forex ranking and rating list is meaningful data for my FxTaTrader strategy. Besides this list I also use the Currency Score which is also available once a week on my blog at FxTaTrader.com also together with my weekly analysis on my Strategy.
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DISCLAIMER: The articles are my personal opinion, not recommendations, FX trading is risky and not suitable for everyone.The content is for educational purposes only and is aimed solely for the use by ‘experienced’ traders in the FOREX market as the contents are intended to be understood by professional users who are fully aware of the inherent risks in forex trading. The content is for 'Forex Trading Journal' purpose only. Nothing should be construed as recommendation to purchase any financial instruments. The choice and risk is always yours. Thank you.