Best Currency Pairs for Swing Trading

Are you a swing trader looking to maximize your winners and minimize risks? Well, then, you know that selecting the right currency pairs is a key ingredient.

But with so many currency pairs, how do you know which ones are the best for swing trading?

In this article, we’ll explore the top currency pairs for swing trading and the factors you should consider when selecting them.

Why do you need to select the right pairs for swing trading?

Choosing the right currency pairs for swing trading is like choosing the perfect ingredients for a delicious recipe.

As swing trading involves holding positions overnight, choosing the wrong forex pair can lead to useless risks and eventually will turn into losses.

For instance, if you select any minor currency pair (currencies of major economies and not involving USD), chances are there’ll be more risk exposure than forex major pairs. It’s because these pairs tend to fluctuate more unevenly than forex majors.

Regarding fluctuations, let’s move to the factors you must consider when selecting forex pairs for swing trading.

Most traded forex pairs
Most traded forex pairs

Factor to consider when selecting the right pair for swing trading

When selecting currency pairs for swing trading, consider several factors. Here are some of them

Market liquidity and volatility

You must select high liquidity and volatility currency pairs, allowing good entries, exits, and significant price movements.

Currency correlation

Currency pairs with strong correlations can move together, reducing the risk of trading multiple pairs simultaneously. For instance, EUR/USD and GBP/USD strongly correlate.

Economic news and events

Economic and Political events can disrupt your swing trading strategy. So, you need to look for factors such as interest rate changes, geopolitical tensions, or trade deals.

What are the best pairs for swing trading?

Let’s move to the juicy part of the article and find out the best currency pairs for swing trading.


Well, this is a no-brainer! EUR/USD is the most widely traded currency pair and is known for its high liquidity and tight spreads.

It is also one of the most popular pairs for swing trading due to its volatility and frequent price movements.


Surprised? You shouldn’t be, as USD/JPY is the second-most traded pair in the world.

The pair is known for its volatility, making it a popular choice for swing traders. It is also influenced by the Bank of Japan’s monetary policy, which can cause significant price movements.


GBP/USD is another popular pair with high liquidity and has a lot of price movements, making it a great choice.

It is also influenced by major economic news and events, offering plenty of trading opportunities.


The Australian dollar is closely tied to commodity prices and events related to China, making it a popular choice if you focus on commodity trading.


Oil prices heavily influence this pair, making it a great choice if you keep an eye on energy markets.

Final thoughts

Choosing pairs that align with your trading goals and strategy allows you to maximize profit potential, minimize risks, and adapt to changing market conditions.

The best currency pairs for swing trading include EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD. These pairs offer high liquidity, volatility, and frequent price movements, making them ideal for swing trading.

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