Forex PowerRatings: 5 Pairs You Need to Know
As of Monday, May 26 at 2 p.m. our strongest currency pair is the USD/CHF.
Across the board there is strength in the Swiss franc (CHF) against a number of other currencies, such as the yen
(JPY), the British pound (GBP) and the Euro (EUR).
Next Top 2: CHF/JPY, EUR/GBP
Bottom 3 Pairs: GBP/CHF, EUR/CHF
One strategy to trade forex using our Forex PowerRatings is to buy dips and pullbacks in the stronger pairs, and to sell rallies in the weaker pairs.
Another strategy is to buy strong pairs when they are oversold (i.e., low 2-period RSI) and to sell weak pairs when they are overbought (i.e., high 2-period RSI).
Be sure to catch Mark Whistler every week for his Weekly Teleconference on the forex markets. A CNBC contributor and TradingMarkets regular commentator Whistler is a professional forex trader who shares his insights into the forex markets every week here at TradingMarkets.com.
Click here to save your spot for Whistler’s next weekly presentation. LINK