5 Most Unpredictable Currency Pairs II

5 Most Unpredictable Currency Pairs II

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?

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

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.