is the data used? You will then receive the main pair's top correlating pairs, based on percentage, as well as their charts according to your chosen time frame. How is it calculated? The correlation of currencies allows for better evaluation of the risk of a combination of positions. If you're happy with this continue to use our site without changing settings, or find out how to manage cookies. For example, if eurusd and gbpusd are strongly correlated for several months and then de-correlate, that may be a sign that market sentiment concerning the EUR and/or GBP is in the process of changing; one may be seeing the start or end of a trend.
Pair, trend pips, audcad - 65,926 509,63 0,71, audchf - 57,112 576,66 0,81, audhkd - 477,34 609,11 0,85, audjpy - 76,49 681,06 0,95, audnzd - 59,11 389,3 0,55. To learn more click here. If you have open trades in three currency pairs which are strongly correlated (for example eurusd, usdchf and usdnok you must anticipate the fact that if one of the positions reaches its stop-loss, then the other two are very likely to also be loss-making positions.