Currency Crosses Are Trend-y.  

Forex Smart Trade Results, Friday, January 26, 2024 – $6,846

Forex Smart Trade Results, Thursday, January 25, 2024 – $2,791
January 28, 2024
Forex Smart Trade Results, Monday, January 29, 2024 – $8,664
February 7, 2024

Forex Smart Trade Results, Friday, January 26, 2024 – $6,846


Currency Crosses Are Trend-y.

Since a majority of the forex market will deal with the U.S. dollar, you can imagine that many of the news reports will cause U.S. dollar-based currency pairs to spike.

The U.S. has the largest economy in the world, and as a result, speculators react strongly to U.S. news reports, even if it doesn’t cause a huge fundamental shift in the long run.

What this means for your charts is that you will see several “spikes” even if there is a trend emerging.

This can make it harder to spot trends or range conditions. 

Major Currency Pairs Not As Smooth As Currency Crosses

The day-to-day economic activities of the U.S. can keep U.S. dollar-based currencies such as EUR/USD (above) from making smooth trends.

Currency Cross Pair EUR/JPY

Conversely, we can see that during the same date range, cross-currency EUR/JPY made a much, much smoother ride to the top.

This was probably because of fewer spikes that came from U.S. data.

So as you can see, both charts showed the euro rose during the same period, but the one without the U.S. dollar (EUR/JPY) made for a much easier trade.

Here’s a trade example where one hundred pips was bagged riding EUR/JPY’s trend.

Check out how he caught that move!

If you are a trend-following kinda dude, then currency crosses may be easier to trade than the major pairs.

It will be easier for you to spot the trend and be more confident in your entry points because you know that these technical levels hold more than they do for the majors.


Learn How To Successfully Trade Forex

If you’d like to earn extra income trading on the Forex market, consider learning how to currency trade with Forex Smart Trade.   With their super-accurate proprietary trading tools and best-in-the-business, personalized one-on-one training, you’ll be successful.  Check out the Forex Smart Trade webinar.  It shows one of their trader’s trading and how easy, intuitive, and accurate the tools are.  Or try the Forex Smart Trade 14-day introductory trial for just TEN dollars.

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