A1 Trading Company

October 12, 2022

Top 4 Minor Pairs to Trade

Michael J. Donoghue
Top 4 Minor Pairs to Trade

As many traders and analysts grapple with today’s big economic news (namely, the UK’s disappointing 0.3% month-over-month contraction in GDP, the US’ surprise 0.4% jump in month-over-month PPI, and the FOMC meeting minutes set to release at 2 pm), many are similarly preparing for tomorrow's new round of CPI data in the US. Scheduled for reporting by the Bureau of Labor Statistics at 8:30 am on Thursday, October 13th, the public will learn how prices for US consumers changed in September. Because CPI is a proxy for inflation, this news will likely cause a great deal of volatility across financial markets, potentially offering another fundamental catalyst for USD bulls if September’s hot jump in PPI is any indication. While major pairs like EUR/USD, GBP/USD, and USD/JPY are thus still ripe for trading, it can also be worthwhile to explore some less frequently traded pairs as well. Here are the A1 EdgeFinder’s top 4 minor pairs to trade, along with some additional analysis for each.

1) CHF/JPY (Earns a 3, or ‘Buy’ Rating)

Top 4 Minor Pairs to Trade
Fundamentals still favor CHF and may continue to do so until the Bank of Japan finally raises interest rates.
Top 4 Minor Pairs to Trade
Trendline support appears to be holding steady.

2) EUR/CHF (Earns a 3, or ‘Buy’ Rating)

Top 4 Minor Pairs to Trade
Fundamentals are mixed due to Europe's energy crisis and unemployment, though the Swiss National Bank lags behind the ECB in hawkishness.
Top 4 Minor Pairs to Trade
It appears a breakout to the upside may have occurred at the start of October.

3) AUD/JPY (Earns a -3, or ‘Sell’ Rating)

Top 4 Minor Pairs to Trade
Fundamentals are mixed: Japan's economy is performing better, but inflation and mild rate hikes nominally favor AUD.
Top 4 Minor Pairs to Trade
A month-long downtrend could potentially see a breakout below the depicted support zone.

4) AUD/NZD (Earns a -3, or ‘Sell’ Rating)

Top 4 Minor Pairs to Trade
New Zealand's economy appears to be significantly stronger than Australia's, though inflation is beginning to favor AUD.
Top 4 Minor Pairs to Trade
This uptrend does appear to be strong; we will have to watch and see if NZD fundamentals are enough to cause a breakout to the downside.

A1 Edgefinder

AI- Generated Trading Setups
AI-generated bullish/bearish bias setups on forex currencies, gold, & indices.

Discount code: 'READER'

Access Now

Free

Trading Plan Template
Struggling to build a successful trading plan? Download our template to get started today!
Download
Shutdown Halted, Dollar Climbs

Just before the scheduled shutdown at 12:01 am on Sunday, Congress voted to extend the deadline for another 45 days. Yields jumped higher to above 5.1% which has remained elevated for some time. As we enter an historically bullish month for the indices, here are some setups on dollar, gold and index setups EdgeFinder Analysis […]

Read More
Yields Hold Steady After GDP

GDP numbers came in lower than expected in the US, marking the third straight drop in economic output. This is usually good news for the stock market indices and gold, however, bond yields continue to hold up above 5.1%. Here are some potential trade setups for both dollar and index longs depending on how the […]

Read More
USOil Breaks Through the Highs! (+$2646.85)

Hi, I’m Nick! I am the founder of A1 Trading, market analyst, YouTuber, and creator of the EdgeFinder software tool. I caught a huge winner on USoil with the help of the EdgeFinder! In this article, I’ll walk you through my thought process behind the trade and how I found this crazy runner! Finding My […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
VIP
Menu
homesmartphonelaptop-phonemenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram