I think you'd find this information useful if you are using a trend-following strategy.
I asked chatgpt "What are the most trending forex minor and major pairs" and it came up with this list:
GBP/JPY (British Pound / Japanese Yen)
EUR/JPY (Euro / Japanese Yen)
GBP/USD (British Pound / US Dollar)
AUD/JPY (Australian Dollar / Japanese Yen)
NZD/JPY (New Zealand Dollar / Japanese Yen)
EUR/USD (Euro / US Dollar)
USD/CAD (US Dollar / Canadian Dollar)
EUR/GBP (Euro / British Pound)
GBP/CHF (British Pound / Swiss Franc)
AUD/USD (Australian Dollar / US Dollar)
USD/JPY (US Dollar / Japanese Yen)
EUR/AUD (Euro / Australian Dollar)
USD/CHF (US Dollar / Swiss Franc)
EUR/CAD (Euro / Canadian Dollar)
NZD/USD (New Zealand Dollar / US Dollar)
CAD/JPY (Canadian Dollar / Japanese Yen)
AUD/CHF (Australian Dollar / Swiss Franc)
GBP/AUD (British Pound / Australian Dollar)
AUD/NZD (Australian Dollar / New Zealand Dollar)
EUR/NZD (Euro / New Zealand Dollar)
NZD/CAD (New Zealand Dollar / Canadian Dollar)
CHF/JPY (Swiss Franc / Japanese Yen)
EUR/CHF (Euro / Swiss Franc)
GBP/CAD (British Pound / Canadian Dollar)
CAD/CHF (Canadian Dollar / Swiss Franc)
NZD/CHF (New Zealand Dollar / Swiss Franc)
AUD/CAD (Australian Dollar / Canadian Dollar)
Ignoring this would be a huge mistake in trading. It will make the difference between a profitable and non-profitable trader.
Trending pairs are good for trend following strategies and others are good for mean reversion. This is what I think tho.
Most Trending to Least Trending - Major and Minor Pairs
1. GBP/JPY (British Pound / Japanese Yen)
o Highly volatile with strong trends due to the sensitivity of both currencies to global risk and economic differences.
2. EUR/JPY (Euro / Japanese Yen)
o Trends strongly during shifts in monetary policy and economic differences between the Eurozone and Japan.
3. GBP/USD (British Pound / US Dollar)
o Known for its volatility and strong directional movements, especially during UK and US market hours.
4. AUD/JPY (Australian Dollar / Japanese Yen)
o Heavily influenced by risk sentiment and commodity prices, which leads to clear trends.
5. NZD/JPY (New Zealand Dollar / Japanese Yen)
o Strong trends tied to the carry trade and commodity cycles, frequently moving with global risk sentiment.
6. EUR/USD (Euro / US Dollar)
o The most liquid pair in forex, known for trending during key economic reports but often ranges during low volatility periods.
7. USD/CAD (US Dollar / Canadian Dollar)
o Strongly affected by oil prices and Canadian economic conditions, creating trends during commodity cycles.
8. EUR/GBP (Euro / British Pound)
o Trends well during periods of political and economic divergence between the UK and Eurozone.
9. GBP/CHF (British Pound / Swiss Franc)
o Known to trend during risk-on and risk-off market movements, with moderate volatility.
10. AUD/USD (Australian Dollar / US Dollar)
o Moves strongly with commodity prices, making it an excellent pair to trend-follow, especially during shifts in global risk sentiment.
11. USD/JPY (US Dollar / Japanese Yen)
o Trends based on interest rate differentials and risk sentiment but can also range during central bank interventions.
12. EUR/AUD (Euro / Australian Dollar)
o Known to trend well during divergent economic conditions or global risk sentiment.
13. USD/CHF (US Dollar / Swiss Franc)
o Trends during periods of risk aversion or when the Swiss Franc strengthens as a safe-haven asset.
14. EUR/CAD (Euro / Canadian Dollar)
o Impacted by oil price fluctuations, this pair can trend well during commodity booms or busts.
15. NZD/USD (New Zealand Dollar / US Dollar)
o Less volatile than some pairs, but still trends well during risk-on or risk-off scenarios and commodity price changes.
16. CAD/JPY (Canadian Dollar / Japanese Yen)
o Can develop strong trends due to the carry trade and commodity cycles, especially when oil prices fluctuate.
17. AUD/CHF (Australian Dollar / Swiss Franc)
o Moves well during shifts in global risk sentiment, though it's generally less volatile than major pairs.
18. GBP/AUD (British Pound / Australian Dollar)
o This pair trends strongly during economic divergence between the UK and Australia, though volatility can be unpredictable.
19. AUD/NZD (Australian Dollar / New Zealand Dollar)
o Typically ranges more than trends due to the correlation between the Australian and New Zealand economies.
20. EUR/NZD (Euro / New Zealand Dollar)
o Can trend well during divergence in the Eurozone and New Zealand economies but generally less volatile than the top pairs.
21. NZD/CAD (New Zealand Dollar / Canadian Dollar)
o Less liquid but can trend during oil price shifts and divergence in the Canadian and New Zealand economies.
22. CHF/JPY (Swiss Franc / Japanese Yen)
o A low-volatility pair that can trend during risk-off periods due to the safe-haven nature of both currencies.
23. EUR/CHF (Euro / Swiss Franc)
o Often less volatile but can trend during times of economic divergence between the Eurozone and Switzerland.
Key Insights for Trend Following:
• JPY pairs (e.g., GBP/JPY, EUR/JPY, AUD/JPY) tend to be the most trending, as they are heavily influenced by global risk sentiment.
• GBP pairs (like GBP/USD, GBP/JPY, and GBP/AUD) are volatile and often display strong trends, especially during economic news events.
• Commodity pairs (such as AUD/USD, USD/CAD, NZD/USD) trend well during commodity price fluctuations, particularly with commodities like oil and gold.
• Minor pairs like EUR/NZD, GBP/AUD, and AUD/CHF tend to trend more during risk-on and risk-off periods but can have lower liquidity.
Re: A list of trending and non-trending pairs
2I hope you do not mind as I asked Grok 2 the same question for comparison.
Xard777
What are the most trending Forex minor and major pairs
Answer
Based on the information gathered from various sources up to September 15, 2024, here's an overview of the most trending Forex minor and major pairs:
Major Pairs:
EUR/USD remains the most traded pair, accounting for a significant portion of Forex market volume, often around 30%. Despite its liquidity and importance, it's noted for trending at a very slow pace recently.
NZD/USD and AUD/USD have been highlighted for their trending characteristics, with NZD/USD showing a vigorous bearish trend and AUD/USD experiencing a notable decline over the past year.
USD/JPY is frequently mentioned for its liquidity and trendiness, although specific trend directions weren't detailed in the latest data.
Minor Pairs:
EUR/JPY stands out as one of the most trending minor pairs, with mentions of it having a higher number of consecutive bullish/bearish months compared to other pairs, indicating strong trends.
GBP/AUD and GBP/NZD were highlighted for their strong buy signals in recent data, suggesting active trending behavior, although specific trend directions (bullish or bearish) weren't provided in the latest updates.
General Observations:
The trendiness of pairs like EUR/JPY, NZD/USD, and AUD/USD is supported by analyses looking at exponential moving averages and price fluctuations over various time frames, indicating these pairs have been exhibiting characteristics of healthy trends, either bullish or bearish.
While EUR/USD might not show dramatic trends, its high liquidity and volume make it perennially relevant for traders looking at major pairs.
From X Posts:
Although the X posts didn't directly address Forex pairs, they reflect a broader interest in trending assets, which indirectly might influence Forex trading sentiment. For instance, trends in cryptocurrencies or other financial instruments can sometimes correlate with or influence Forex movements due to market sentiment or economic conditions affecting currencies.
Given this information, if you're looking for trending pairs to potentially trade or analyze:
NZD/USD and AUD/USD for their clear trend directions and significant movements.
EUR/JPY for its noted trendiness among minor pairs.
GBP/AUD and GBP/NZD for recent strong signals, though always check the latest market conditions for current trends.
Remember, while these pairs have shown trending behavior, always consider the latest market conditions, economic reports, and global events which could influence these trends. Trading based on past trends alone without considering current market dynamics can be risky.
Xard777
What are the most trending Forex minor and major pairs
Answer
Based on the information gathered from various sources up to September 15, 2024, here's an overview of the most trending Forex minor and major pairs:
Major Pairs:
EUR/USD remains the most traded pair, accounting for a significant portion of Forex market volume, often around 30%. Despite its liquidity and importance, it's noted for trending at a very slow pace recently.
NZD/USD and AUD/USD have been highlighted for their trending characteristics, with NZD/USD showing a vigorous bearish trend and AUD/USD experiencing a notable decline over the past year.
USD/JPY is frequently mentioned for its liquidity and trendiness, although specific trend directions weren't detailed in the latest data.
Minor Pairs:
EUR/JPY stands out as one of the most trending minor pairs, with mentions of it having a higher number of consecutive bullish/bearish months compared to other pairs, indicating strong trends.
GBP/AUD and GBP/NZD were highlighted for their strong buy signals in recent data, suggesting active trending behavior, although specific trend directions (bullish or bearish) weren't provided in the latest updates.
General Observations:
The trendiness of pairs like EUR/JPY, NZD/USD, and AUD/USD is supported by analyses looking at exponential moving averages and price fluctuations over various time frames, indicating these pairs have been exhibiting characteristics of healthy trends, either bullish or bearish.
While EUR/USD might not show dramatic trends, its high liquidity and volume make it perennially relevant for traders looking at major pairs.
From X Posts:
Although the X posts didn't directly address Forex pairs, they reflect a broader interest in trending assets, which indirectly might influence Forex trading sentiment. For instance, trends in cryptocurrencies or other financial instruments can sometimes correlate with or influence Forex movements due to market sentiment or economic conditions affecting currencies.
Given this information, if you're looking for trending pairs to potentially trade or analyze:
NZD/USD and AUD/USD for their clear trend directions and significant movements.
EUR/JPY for its noted trendiness among minor pairs.
GBP/AUD and GBP/NZD for recent strong signals, though always check the latest market conditions for current trends.
Remember, while these pairs have shown trending behavior, always consider the latest market conditions, economic reports, and global events which could influence these trends. Trading based on past trends alone without considering current market dynamics can be risky.
- These users thanked the author xard777 for the post (total 2):
- heyuen7, stereotomy
XARD: If Carlsberg made charts... Probably the best charts in the world