When looking at the Top 10 in the Monthly Ranking and Rating list we can see that for the coming month the following stronger currencies are well represented for going long: USD(5X) followed by the JPY(2X) and the EUR(2X). The weaker currencies are the CAD(3X) with by the GBP(3X) and the NZD(2X).
A nice combination for coming week may be e.g:
- GBP/USD with the EUR/NZD
- EUR/CAD with the NZD/USD
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FxTaTrader Forex monthly ranking and rating list for February / Created: 31 January 2016
Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info. Every month the Forex ranking rating list will be prepared at the month change. All the relevant Time Frames will be analyzed and the ATR and Pip value will be set.
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The Forex monthly ranking and rating list is meaningful data for my FxTaTrader strategy. Besides this list I also use the Monthly Currency Score which is also available once a month on my blog at FxTaTrader.com. If you would like to use this article then mention the source by providing the URL FxTaTrader.com or the direct link to this article. Good luck in the coming month.
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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.