The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the EUR(3X) with the CAD(3X) followed by the NZD(2X). The weaker currencies are the JPY(4X) with the USD(4X) followed by the CHF(2X).
A nice combination for coming week might be:

  • EUR/JPY with the NZD/USD
  • CAD/JPY with the EUR/USD
  • USD/CAD with the NZD/JPY
  • Ranking and Rating list

    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 2 July 2017 and is provided here for reference purposes:
    Strong: EUR, NZD and CHF. The preferred range is from 6 to 8.
    Neutral: GBP, USD and JPY. The preferred range is from 3 to 5.
    Weak: AUD, CAD. The preferred range is from 1 to 2.

    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. 

    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 shown below.

    When comparing the 13 weeks Currency Classification with the recent Currency Score, as provided in the image above, we can determine the deviations. 

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