That said, the big four currency pairs can be traded in the same way as any other pair or financial instruments such as stocks or commodities.
So traders who prefer to trade with the trend can look to use swing trading strategies such as bullish or bearish flags, pennants, and triangles, or perhaps the cup and handle.
Those who like to trade trend reversals, or to catch changes of direction within a range, can look for head and shoulders patterns, double tops, and bottoms.
Whatever strategy used, indicators such as Exponential Moving Averages (EMAs), Moving Average Convergence Divergence (MACD), Volume, and Relative Strength Index (RSI) can also be useful tools.
The precise combination of strategies and indicators to be used is mostly a matter of a trader’s personal preference, and there is no particular reason to favour one or another when trading the majors.
But there are some characteristics of each pair that traders need to be aware of.