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There are a few basic qualities you should prioritize when constructing a list of currency pairs to target with a swing trading strategy in order to locate the best trading opportunities. Any currency pair will give price changes that create swing trading potential over time, but if you’re serious about swing trading, you’ll want to narrow your focus to the pairs that offer the best profit potential.

The best swing trading forex pairs will generally have high liquidity and enough volatility to cause price fluctuations that lead to swing trading opportunities—but not so much volatility that it’s difficult to foresee how price movements and trajectories will play out over time. Furthermore, the volatility must produce price swings over a short period of time, ideally between days and weeks.

As a result, here are six fantastic forex pairings that would want you to be aware of:

The first is EUR/USD, which, as one of the larger, more stable currency pairings, lacks enough volatility to be of interest to most day traders. Swing traders, on the other hand, have the ability to earn over a multiday or multiweek position. Although the volatility isn’t ideal, the EUR/USD forex pair’s strong liquidity makes it suitable for swing trading, especially for beginners seeking simple forex pairings to learn on.

The second currency pair is the New Zealand dollar (NZD/USD). As a significant commodities forex pair, the NZD/USD is ideal for swing trading because its price movements are generally tied to commodity market action. This market is dairy in the case of NZD/USD: New Zealand is a top-five worldwide exporter of dairy, and the combination of this market influence with the high liquidity and volatility of this currency pair makes it an excellent swing trading opportunity.

The third currency pair is EUR/JPY. As a prominent currency pair, EUR/JPY has a lot of liquidity, which attracts swing traders. However, broad market trends and feelings have a significant impact. Economic events in Europe or Japan can have a direct impact on this currency pair, resulting in accurate technical indications that swing traders can employ to profit.

The fourth currency pair is USD/CAD, which, like NZD/USD, is considered a commodity pairing due to the significant significance of oil in Canada’s GDP and America’s massive use of this commodity. As a result, the USD/CAD pair generally swings in lockstep with the oil market, making it easier to determine whether the pair is a strong swing trading option at any given time.

The fifth currency pair is the Australian dollar (AUD/USD), which is significantly influenced by precious metals and other exports from Australia, as well as the international market for those commodities. The AUD/USD pair is ideal for trading Asian and American market movements because of its strong economic link with China. This pairing also has a lot of liquidity, which will appeal to swing traders looking for quick profits.

Finally, while EUR/CHF normally has low volatility, making it an unappealing alternative for short-term traders like scalpers and day traders, it has just enough volatility mixed with strong liquidity to make it an appealing option for swing trading methods. Swing trading EUR/CHF benefits from the pair’s long trend moves, which allow traders to employ technical indicators to spot chances early in their development. Swing traders can take advantage of this by starting a position and riding the price gain or loss for the duration of the long trajectory. When you first start swing trading forex, it’s crucial to keep an eye on a variety of pairs so you can spot the best possibilities. You’re more likely to lose out on high-value trading opportunities if you simply monitor a few swing trading possibilities. Swing trading is most successful when you keep your options open and utilize technical analysis to find the best price swing potential at any given time, so start with the currency pairs listed above.

The more pairs you can track, the more profitable your swing trading approach will be in the long run. Visit the following page for more knowledge about forex pairs.

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