Daily Currency Strength Prediction and Comparison | Forex Factory

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Daily Currency Strength Prediction and Comparison

  • #1
  • First Post: Edited Nov 24, 2014 10:46am Nov 23, 2014 6:04pm | Edited Nov 24, 2014 10:46am
This journal is to help me improve my trading decisions.

At the close of each trading day (17:00 EST) I will make a predictive rank of six currencies for the next 24 hours. The following day I will then compare my prediction with the actual days ranking. The Predicted list will be ranked from 1 - 7 (1=strongest predicted currency 7=weakest predicted currency)

When making a trading decision, I look to buy currencies ranked in the top 2 places verses currencies ranked in the bottom 2 places. The list is especially useful for predicting whether the market will have an appetite for risk or will be risk averse for the next 24 hours.

For example if the list looked like this:

1.USD 2.GBP 3.EUR 4.JPY 5.CAD 6.AUD 7.NZD I would have a bias toward the market being risk averse because USD is ranked at the top whereas AUD and NZD are ranked at the bottom of the list. So I would be looking to Sell NZDUSD, AUDUSD and Buy GBPNZD, GBPAUD.


Anyone is welcome to contribute to this thread, however please don't ask me how I make my predictions, and please don't risk your money based on this list- do your own market analysis.
  • #2
  • Edited Nov 24, 2014 3:38pm Nov 23, 2014 6:07pm | Edited Nov 24, 2014 3:38pm
Prediction: 1.USD 2.GBP 3.EUR 4.NZD 5.AUD 6.CAD 7.JPY (Buy USDJPY, USDCAD, GBPJPY, GBPCAD)
Actual: 1.EUR 2.GBP 3.USD 4.NZD 5.JPY 6.CAD 7.AUD (Wins:4 Losses:0)
  • #3
  • Edited Nov 25, 2014 2:21pm Nov 24, 2014 2:34pm | Edited Nov 25, 2014 2:21pm
Prediction: 1.CAD 2.AUD 3.NZD 4.JPY 5.USD 6.GBP 7.EUR (Sell EURCAD, GBPCAD, EURAUD, GBPAUD)
Actual: 1.JPY 2.EUR 3.CAD 4.GBP. 5.USD 6.NZD 7.AUD (Wins: 1 Losses: 3)
  • #4
  • Edited Nov 26, 2014 2:27pm Nov 25, 2014 3:55pm | Edited Nov 26, 2014 2:27pm
Prediction: 1.NZD 2.AUD 3.CAD 4.JPY 5.USD 6.GBP 7.EUR (Sell EURNZD, EURAUD, GBPNZD, GBPAUD)
Actual: 1.NZD 2.GBP 3.EUR 4.JPY 5.AUD 6.CAD 7.USD (Wins: 2 Losses: 2)
  • #5
  • Nov 26, 2014 3:19pm Nov 26, 2014 3:19pm
Prediction: 1.USD 2.CAD 3.JPY 4.AUD 5.EUR 6.NZD 7.GBP (Sell GBPUSD, NZDUSD, GBPCAD, NZDCAD)
  • #6
  • Nov 27, 2014 3:38pm Nov 27, 2014 3:38pm
Quoting Zondervan
Prediction: 1.USD 2.CAD 3.JPY 4.AUD 5.EUR 6.NZD 7.GBP (Sell GBPUSD, NZDUSD, GBPCAD, NZDCAD)
Actual: 1.JPY 2.NZD 3.AUD 4.USD 5.EUR 6.GBP 7.CAD (Wins: 1 Losses: 3)
  • #7
  • Nov 30, 2014 10:28am Nov 30, 2014 10:28am
Friday Actual: 1.USD 2.EUR 3.NZD 4.AUD 5.GBP 6.JPY 7.CAD
  • #8
  • Nov 30, 2014 10:32am Nov 30, 2014 10:32am
Monday Prediction: 1.CAD 2. AUD 3.NZD 4.JPY 5.GBP 6.USD 7.EUR (Sell EURCAD, USDCAD, EURAUD, Buy AUDUSD)
  • #9
  • Nov 30, 2014 11:54am Nov 30, 2014 11:54am
thing that may interest you

http://megatrendfx.com/additional-fo...eter-indicator


however, often because the currency is strong, you have already missed the move.
  • #10
  • Nov 30, 2014 9:44pm Nov 30, 2014 9:44pm
Quoting kraven
thing that may interest you http://megatrendfx.com/additional-fo...eter-indicator however, often because the currency is strong, you have already missed the move.
Thanks Kraven for your link. I actually just do my own analysis- made my own indicators in excel. I'm just posting in this journal to help me improve my abililty to read my own indicators! I'm hoping that over time I will get better at seeing currency strength cycles, and get better at predicting what may happen over the next 24 hours.
  • #11
  • Dec 1, 2014 3:16pm Dec 1, 2014 3:16pm
Quoting Zondervan
Monday Prediction: 1.CAD 2. AUD 3.NZD 4.JPY 5.GBP 6.USD 7.EUR (Sell EURCAD, USDCAD, EURAUD, Buy AUDUSD)
Actual: 1.CAD 2.NZD 3.GBP 4.JPY 5.AUD 6.EUR 7.USD (Wins: 4 Losses: 0)
  • #12
  • Dec 1, 2014 3:19pm Dec 1, 2014 3:19pm
Tuesday Prediction: 1.USD 2.EUR 3.GBP 4.AUD 5.JPY 6.NZD 7.CAD (Buy USDCAD, EURCAD, EURNZD, Sell NZDUSD)
  • #13
  • Dec 2, 2014 4:00pm Dec 2, 2014 4:00pm
Quoting Zondervan
Tuesday Prediction: 1.USD 2.EUR 3.GBP 4.AUD 5.JPY 6.NZD 7.CAD (Buy USDCAD, EURCAD, EURNZD, Sell NZDUSD)
Actual: 1.USD 2.AUD 3.GBP 4.JPY 5.CAD 6.EUR 7.NZD (Wins: 3 Losses: 1)
  • #14
  • Dec 2, 2014 4:02pm Dec 2, 2014 4:02pm
Wednesday Prediction: 1.NZD 2.CAD 3.AUD 4.EUR 5.GBP 6.USD 7.JPY (Buy NZDJPY, NZDUSD, CADJPY, Sell USDCAD)
  • #15
  • Dec 3, 2014 2:29pm Dec 3, 2014 2:29pm
Quoting Zondervan
Wednesday Prediction: 1.NZD 2.CAD 3.AUD 4.EUR 5.GBP 6.USD 7.JPY (Buy NZDJPY, NZDUSD, CADJPY, Sell USDCAD)
Actual: 1.CAD 2.GBP 3.USD 4.AUD 5.JPY 6.NZD 7.EUR (Wins: 2 Losses: 2)
  • #16
  • Dec 3, 2014 2:31pm Dec 3, 2014 2:31pm
Thursday Prediction: 1.NZD 2.AUD 3.CAD 4.JPY 5.USD 6.EUR 7.GBP (Sell GBPNZD, GBPAUD, EURNZD, EURAUD)
  • #17
  • Dec 4, 2014 9:22pm Dec 4, 2014 9:22pm
Quoting Zondervan
Thursday Prediction: 1.NZD 2.AUD 3.CAD 4.JPY 5.USD 6.EUR 7.GBP (Sell GBPNZD, GBPAUD, EURNZD, EURAUD)
Actual: 1.EUR 2.NZD 3.JPY 4.USD 5.GBP 6.CAD 7.AUD (Wins: 2 Losses: 2)
  • #18
  • Dec 6, 2014 6:37pm Dec 6, 2014 6:37pm
Friday Actual: 1.USD 2.CAD 3.GBP 4.AUD 5.EUR 6.NZD 7.JPY
  • #19
  • Dec 6, 2014 7:03pm Dec 6, 2014 7:03pm
Monday Prediction: 1.NZD 2.EUR 3.AUD 4.JPY 5.GBP 6.CAD 7.USD (Buy NZDUSD, NZDCAD, EURUSD, EURCAD)
  • #20
  • Dec 8, 2014 2:28pm Dec 8, 2014 2:28pm
Quoting Zondervan
Monday Prediction: 1.NZD 2.EUR 3.AUD 4.JPY 5.GBP 6.CAD 7.USD (Buy NZDUSD, NZDCAD, EURUSD, EURCAD)
Monday Actual: 1.JPY 2.GBP 3.EUR 4.USD 5.AUD 6.CAD 7.NZD (Wins: 2 Losses: 2)
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