NFP Best Pairs to trade / Strong respective Weak Forecast
Hi all,
Above you find the best pairs to trade whether you are expecting a strong USD or a weak USD.
This is based on the overall currency strength.
NOTE: The direction of the NFP is most often the remaining directing of the day on the weakest respective strongest pairs depending on whether USD comes strong or weak. Example: If we expect a strong NFP, pairs like AUD/USD will keep on going short with small retracements for the rest of the day. On the other hand if we also go short on a strong pair like GBP (/USD) this pair will not go as far as the other weaker pairs, and will more likely retrace to a greater extent. So its important to know what currencies are strong respective weak during this event for picking the best potential pairs to trade.
Let me know if you have any questions ! I will be happy to help :)
Happy trading all !
Above you find the best pairs to trade whether you are expecting a strong USD or a weak USD.
This is based on the overall currency strength.
NOTE: The direction of the NFP is most often the remaining directing of the day on the weakest respective strongest pairs depending on whether USD comes strong or weak. Example: If we expect a strong NFP, pairs like AUD/USD will keep on going short with small retracements for the rest of the day. On the other hand if we also go short on a strong pair like GBP (/USD) this pair will not go as far as the other weaker pairs, and will more likely retrace to a greater extent. So its important to know what currencies are strong respective weak during this event for picking the best potential pairs to trade.
Let me know if you have any questions ! I will be happy to help :)
Happy trading all !