Tradinggrouptw

NFP Best Pairs to trade / Strong respective Weak Forecast

FX:USDJPY   U.S. Dollar/Japanese Yen
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 !
Hi All

What is the best timeframe when trading NFP?

Thanks
+3 Reply
Hey, a good analysis. For comparison, here's my current ranking of relative strength (from the strongest to the weakest):
USD
CAD
CHF
NZD
GBP
EUR
AUD
JPY

And the best pairs to trade are:
1. USD/JPY long
2. AUD/USD short
3. CAD/JPY long
4. CHF/JPY long
5. AUD/CAD short
Reply
Tradinggrouptw ForceFollower
Nice, thanks for the feedback,. AUD/CAD short i would be a bit careful with since CAD news are being release during the NFP as well.
Reply
ForceFollower Tradinggrouptw
Yes, I agree, extra caution is required in that case. Actually, I'm usually trading the first two strongest.
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