Major Forex Currency  Pairs

Major Forex Currency Pairs

26th December 2017 0 By Camasu

By Camasu

The major forex currency pairs usually I like to trade are as follow
Currency pair spread Minimum ST and PT
EUR/USD –
GBP/USD –
AUD/USD –
USD/JPY –
USD/CHF –
USD/CAD –

The EURUSD and the GBPUSD tend to move in the same general direction, the GPBUSD is typically a bit more volatile than the EURUSD. They are positively correlated.

The USDCHF is negatively correlated to the EURUSD, so if the EURUSD is moving higher the USDCHF is most likely moving lower in the chart of the same time frame.

The best to trade Commodity Currency
AUDUSD –
NZDUSD –
XAU/USD – Gold
XAG/USD – Silver
I avoid trading the USDCAD because many false trading signals.That is because it being heavily influenced by the price of crude oil.

Crosses Pairs
I only trade these 4 Currency Pairs
AUD/JPY –
EUR/JPY –
GBP/JPY –
NZD/JPY –

The exotic currency pairs are not the best to trade,they have wider spreads than the majors and the crosses,usually over 10 pips spread, sometimes even up to 20 pips. Better DON’T TRADE.