The most commonly traded currency pairs in the Forex market are known as the 'majors' and include EUR/USD (Euro/US Dollar), USD/JPY (US Dollar/Japanese Yen), GBP/USD (British Pound/US Dollar), USD/CHF (US Dollar/Swiss Franc), AUD/USD (Australian Dollar/US Dollar), and USD/CAD (US Dollar/Canadian Dollar). These pairs are popular due to their high liquidity and relatively stable market conditions.