Trading Forex in Baskets to diversify trading risk for both, speculative trading or hedging Forex risk by 
A quick look at ranking the Forex ETF’s (Exchange Traded Funds).
The 2e line from the top is the Australian Dollar while the Yen is at the bottom.
This matrix is showing the ranking and a green figure means not buying the ETF, but it’s the strongest in the selected group of ETF’s, while red is the weakest in the group. Each colomn is a week.
Click on the matrix to get a better view.
The next step is to measure real market value.
The GBP has a green column which indicate an uptrend for the last 39 trading days, but more important it’s 2.3% up in the last 3-months while the Yen is trending down, also for the last 39 trading days, the weakets in the group and down 7.9% in the last 3-months.
So finally we look at the Yen chart and we see at the top the trend indicator in red, down for the last 39 trading days and ROC steady down as well.
We only can rank, at the moment, the currency ETF’s but we try to show you also later the all the spot currency pairs as traded by most brokers.
