Trading Forex in Baskets to diversify trading risk for both, speculative trading or hedging Forex risk by 
In earlier posts we looked into ranking Currency ETF’s (Exchange Traded Funds) as spot rates are not yet aviable to this ranking option yet.
A first ranking we see the Swiss France ETF at the top, so quoted un USD, and it’s strong the last 4 weeks while the Swedish Krona and Mexican Peso, at the bottom, got even weaker and weaker.
This first ranking means the strongest/weakest in the group of selected Currency ETF compared to each other and not the real market strength/weakness.
In a second ranking we see what’s real strong/weak.
The Swiss Franc ETF FXF has still a down trend, but it changed positive 1.1% last week (2e column from the right) and it’s 3 month momentum changed positive 5.4%.
The column in red/green is a long-term trend indicator only.
It’s clear that this approach is only a first step in ranking strength/weakness which can be done with RSI’s as well as I wrote in earlier posts (RSI’s of all currencies on top of each other).
Of course it’s a little different thinking as most ETF are quoted in USD, so the Swiss quote must be opposite in spot currency trading. On top the trend indicator and RSI at the bottom.
