Forex Market Hours

Live Forex Market Hours Monitor:


Source: forexmarkethours.com

 

When you should trade what?

The Forex market sessions and examples of the most active currency pairs:

London/ New York sessions:

  • EUR/USD
  • USD/CHF
  • GBP/USD

Tokyo/Sydney sessions:

  • EUR/JPY
  • AUD/USD
  • USD/JPY
  • AUD/JPY

Sydney session:

  • AUD/USD
  • EUR/USD

 

Currency correlation

The Forex market sessions and examples of the most active currency pairs:

Same direction moving currency pairs are:

  • EUR/USD and GBP/USD
  • EUR/USD and NZD/USD
  • USD/CHF and USD/JPY
  • AUD/USD and GBP/USD
  • AUD/USD and EUR/USD

Inversely direction moving currency pairs are:

  • EUR/USD and USD/CHF
  • GBP/USD and USD/JPY
  • GBP/USD and USD/CHF
  • AUD/USD and USD/CAD
  • AUD/USD and USD/JPY

How you can use this information?

  • Avoid trades that cancel each other.
    i.e. EUR/USD and USD/CHF move near perfectly inversely, so you shouldn’t trade this pairs in same direction direction.
  • Hedging a trade on a currency pair with another
    i.e. you trade EUR/USD and USD/CHF in same direction when your strategy is hedging.
  • Diversify risks
    i.e. AUS/USD and EUR/USD move in correlation but still don’t move the same. If you notice a bearish trend on USD, you may split the trades on 50% AUS/USD and 50% EUR/USD.
  • Double trade size
    i.e. trading EUR/USD and GBP/USD in same direction.