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Currency Correlation in Forex Trading

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Torabika

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some pairs are correlated with each other but some are not.
#46 - October 08, 2019, 10:56:32 PM

Bibu

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A pair's correlation is indeed suitable to help analyze the strength of a currency index.
#47 - October 08, 2019, 11:14:46 PM

bersih88

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Pair correlation is indeed suitable for analysis related to multiple pairs.
#48 - October 13, 2019, 12:21:27 AM

brajamana

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each pair does have a close correlation whether positive or negative.
#49 - October 13, 2019, 01:29:44 AM

mustir

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Pair correlation is indeed suitable for analysis related to multiple pairs.
#50 - October 20, 2019, 11:43:47 AM

jajal

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Pair correlation is indeed very useful for trading to find out currency strength indexes.
#51 - October 20, 2019, 02:31:34 PM

Mbedal

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We can use currency pair correlation for our trading analysis.
#52 - October 20, 2019, 03:54:28 PM

manthili

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Pair correlation is a good analysis tool.
#53 - October 22, 2019, 09:40:40 AM

jknb

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Pair correlation can be used to analyze price movements by comparing currency indexes.
#54 - October 22, 2019, 10:12:58 AM

jknb

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orrelation of a pair is indeed very can be used to do the analysis.
#55 - October 22, 2019, 12:02:56 PM

ramadika

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isa correlation is utilized well for analysis without news or technical.
#56 - October 25, 2019, 07:22:13 AM

Jinten

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correlation of a pair with another pair is actually quite close it's just that traders rarely realize it.
#57 - October 26, 2019, 11:44:47 AM

ariezz

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Quote from: zanurreload on August 07, 2019, 10:55:02 PM
It is important to know that in forex trading, the currency pair that we trade is a single unit. This currency pair consists of two different currencies and its value is determined based on the value of one currency against its opponent's currency. Technically, when we trade on a currency pair, we make two trades at once. We buy a currency and at the same time sell a partner's currency. Example: if we buy EUR / USD, it means we buy EUR and sell USD at the same time.
In general, indeed one pair with another pair has a close correlation both positive and negative correlations and that correlation can be used as a reference in analyzing other pairs that we trade but we must remember that the correlation is sometimes very out of sync so that the pairs we trade are opposite to general correlation that often occurs.
#58 - October 31, 2019, 04:58:37 PM

Sure

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In forex trading, the correlation is certainly every currency in forex trading will be connected to every other pair.
#59 - December 30, 2019, 06:57:42 AM

Tri Selasih

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Pair correlation in trading is usually used to analyze because correlation is very closely related to one currency with another currency, there are even pairs that are very close and in the same direction with other pairs.
#60 - December 30, 2019, 07:10:35 AM
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