I’ve decided technical analysis is my most preferred method of analysing the market. However I’m still unsure on which currency pairs are best suited for technical analysis any suggestions?
I have found AUD/JPY and USD/JPY to be rather good though…
Your preferred currency(s) for using TA will always be the ones where the market seems to move in accordance with your interpretation of potential trading opportunities and the final outcome (positive or negative).
There are so many market forces and influences going on, no one indicator (or set of ) will always provide consistent results, especially as we are trading pairs of currencies, each of which is traded on it’s own, or matched against other currencies.
I’d suggest looking at a two or three pairs and then get rid of the one that seems to be less…reliable(?) than the others, add another one and repeat. Soon you will probably find that either A) you have a set of preferred pairs (or a single one) or B) it doesn’t seem to make much difference which pair you trade.
The amount of volatility, reactions to news, etc. will probably be a significant factor as well, so keep that in mind as you make your choices.
Saying all that above…make it simple and just go ahead and pick one of the major pairs, as the fact they are called Major gives a clue about their general preference by traders. 
thank you for the advice
Why do you think some of them are treatable better to techy analysis that others??:54: If you picked techicial side, then go into pair with lowest spread. Best decision, that will probably save you a loooot of money. For example I opted “zero spread account” from Hotforex, actually there are spreads but very raw (seems to be without broker markup). Try to find in your broker the same thing
I don’t think that one currency pair is better than another one and that it all depends on the trader. I look at all currency pairs for my analyses.
I just look at GBP/USD (GU), nothing else. The same strategy has worked on GU since the start of 2008 to the current day. However when using on other currency pairs the results differ considerably. To this day I have no idea why this is the case as the trading approach used is 100% technical analysis.
At least you have a strategy that works on once currency pair…most do not accomplish anything at all on a consistent base.
Some pairs are more technical than others, it is not true they are all the same. My recommendation to anyone who is interested in a technical pair is GBPAUD. If you can get a good spread on it (4 - 5 pips is good) it is definitely worth testing.
EUR/USD, USD/JPY, EUR/JPY, GBP/USD there are best currency pair to me because I can easily do analysis on them.
Even most of the are interrelated. So if you do research for a Currency, you get reports for another one too
E/U should be the best with its history and daily news everyday. Even somebroker has daily analysis on it.
Hey I’m 17 and I’m struggling, do you think you could teach me your strategy? Please sir.
According to Techgara, the following currency pairs (listed below) are not necessarily the best Forex pairs to trade, but they are the ones that have high liquidity, and which occupy the most foreign exchange transactions:
EUR/USD (Euro – US Dollar)
USD/JPY (US dollar – Japanese Yen)
GBP/USD (British Pound – US Dollar)
AUD/USD (Australian Dollar – US Dollar)
USD/CHF (US Dollar – Swiss Franc)
USD/CAD (US Dollar – Canadian Dollar)
But in my opinion, USD/GBP – Profitable pips and possible large jumps have contributed a lot towards the popularity of this currency pair. However, you need to keep in mind that higher profits come along with a greater risk. This is a currency pair that can be grouped into the volatile currency category. However, many traders prefer to select this as their best currency pair to trade, since they are able to find plenty of market analysis information online.
Most popular currency pairs are good for technical analysis, it’s one of the reasons why they’re popular to begin with. 