Search ForexCrunch

Some currency pairs are truly annoying – they can criss-cross through clear levels of resistance and support,surprise when least expected and find the trader grabbing his head with anger. Here are my top 5 pairs that are the toughest with technical analysis:

  1. USD/JPY – Not only does it criss cross through clear lines, the BOJ also contributes to the mess with interventions.
  2. NZD/USD – this rather stable pair does not respect support and resistance lines – it criss crosses.
  3. USD/CAD – used to trade in near-perfect ranges, but as it didn’t move too much in the past year, the moves inside the ranges became too choopy.
  4. GBP/JPY – The “dragon” – the most cross, is loved by risk-seeking traders as it makes hundreds of pips. It still makes hundreds of pips, but tends to choppiness.
  5. EUR/USD – the most popular pair in the world used to be a rather predictable pair, but the tables have turned, and its now much harder to analyze.

This follows up on a list of the 5 most predictable pairs published recently, and a similar list of unpredictable pairs made in April 2009.

Do you also find these 5 pairs to be rather problematic for technical analysis?

Like this post? Vote for it on Forex Factory.

I’d be glad to hear which ones annoy you…

Want to see what other traders are doing in real accounts? Check out Currensee. It’s free..