Which currency pair should you choose to trade? You will find it much easier to project the direction of currency pairs that have an opposite outlook to each other. So you will typically pair and trade a strong currency against a weak currency.

In this video Giles Coghlan, Chief Currency Analyst at HYCM, shows a currency pair that demonstrates this principle of trading a strong against a weak currency.

HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.