Which FX Online Currency Pairs Are the Most Predictable?
I normally stick with trading only one currency pair, the most well-liked one, the EUR/USD. Often, if I do not see any excessive chance trades on the horizon with the EUR/USD, I’ll then trade the GBP/USD. However, I’m actually most snug with the nice ‘ol EUR/USD, and the reason being as a result of I consider it’s fairly predictable – for me, that signifies that the currency pair normally “respects” it is main Support and resistance factors and when it does break by way of a Support or resistance level I can just about depend on getting some pips in a low stress and excessive chance breakout trade. Additionally, when the EUR/USD pair is overbought it is going to more often than not pull again and when it’s oversold it additionally will probably retrace quickly. In fact, there’s at all times a day of exception, however, total, I’ve discovered the EUR/USD to be a pair I can believe 80% of the time to behave how it’s anticipated to behave.
Final week, although, I used to be questioning what different trader’s take into consideration this query – so I went on an off-the-cuff quest to ask traders I do know, each online and off, as to what they thought was probably the most predictable currency pair. The solutions really stunned me. I believed practically everybody’s high vote would even be the EUR/USD. However, not so….in no way.
Most of the traders who responded stated that the AUD/USD was positively probably the most predictable. Different favorites had been the NZD/USD, the EUR/GBP, and the USD/CHF. And sure, the EUR/USD was positively within the high three for many. These 5 pairs had probably the most votes total by the traders who responded, with the AUD/USD and the EUR/USD popping out as the highest two most predictable currency pairs total.