What is the best major forex pair to trade at any given time? The FX Pair Finder in NanoTrader will tell you, and why.

These are the advantages of the FX Pair Finder tool:

1. See which currency is strong and which currency is weak.
2. Their relative strength is easy to compare.
3. Use it in any time frame.
4. User-friendly and easy to interpret.
5. The tool is FREE

The best forex pair(s) to trade

Each major currency is traded against four other currencies. For example, the USD against EUR, JPY, CHF and GBP. The Finder analyses the strength of each currency against the other four currencies. This relative strength, expressed as a percentage change, is then plotted as an easy-to-interpret single line.

Simply put, if one currency's curve goes up, it is because that currency is strong against the other four. Ideally, traders should always trade the currency pair consisting of the strongest currency and the weakest currency.

This example shows the relative strength curves for the five currencies over a 90-day period. The GBP is clearly the strongest currency and the USD the weakest. This would mean that buying GBP/USD is the way to go.

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