FAQs Since the US Dollar is part of 80% of daily Forex trading volume, either as a quote or base currency, the best currency pairs for trend traders include the EUR/USD, which is the most liquid currency pair accounting for approximately 28% of all daily trades, the USD/JPY, and the GBP/USD. The three commodity currencies, the Australian Dollar, the New Zealand Dollar, and the Canadian Dollar, also offer suitable choices for trend traders.
There are several approaches, but one of the most-used ones is the Three-SMA filter, as described above.Currency crosses, currency pairs without the US Dollar as a base or quote currency, tend to trend the least. The EUR/CHF is the leading currency pair for range-bound trading.The EUR/USD is the most liquid currency pair, resulting in the tightest spreads and the lowest trading fees.