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Forex pairs to look at if USD strengthens

An overlay of forex majors from 08 September 2016 when USD strengthening started reveals their relative strengths. Commodity currencies are loss leaders.

 

Sell loss leaders by relative strength

This chart shows an overlay of forex majors on a hourly time frame starting from last Thursday 08 September 2016. The chart shows:

  1. USD strengthened against every major currency.
  2. AUD and NZD are the weakest, USD made most gains against these two.
  3. EUR, JPY and GBP are the most resilient.
  4. Should the current trend of persist, the trades that might offer the most movement are short AUDUSD, NZDUSD, AUDJPY, NZDJPY or long EURAUD, EURNZD, GBPAUD, GBPNZD.
  5. The worst pairs to trade with least movement combine two of any of these EUR, GBP, JPY and USD.

Hourly chart overlay of forex majors from 08 Sep 2016

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