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Currency Correlation in Forex Trading

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dhios

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Pair correlation in Forex is often used by traders for analysis because it does not require technical indicators, but pair correlation can also be combined with technical analysis to be more accurate.
#61 - December 30, 2019, 04:10:02 PM

carlien

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I often use this pair correlation analysis in eur / usd and us / jpy where both pairs have almost perfect negative correlations.
#62 - December 31, 2019, 02:19:48 AM

G 5oro5

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I rarely do a pair correlation analysis even though people say pair correlation is very effective for analysis. I only know that pair correlation can be interconnected between one pair with another pair, especially the major pair.
#63 - December 31, 2019, 05:14:15 AM

Admirald

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Correlation of a pair is usually used for analysis and the relationship between pairs is actually interrelated even though it is a major pair with a cross pair or even exotic pairs will surely be affected if one currency or a pair experiences high volatility.
#64 - January 06, 2020, 12:44:01 AM

DewaFx

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I often use pair correlation, especially in pairs that have a direct or positive correlation, such as eurusd and gbpusd. I use the correlation strategy to predict the price movements of major pairs and I often enter at the pair's pairs.
#65 - January 06, 2020, 05:35:29 AM

ForexKuy

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Pair correlation can be used for a forex trading strategy, finding opportunities to sell or buy in other pairs
#66 - January 06, 2020, 08:03:34 AM

Paesan

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Pair correlation occurs because a country's currency is related to one another in terms of economic transactions so that if one pair changes then the other pair also changes and the correlation is negative and there is positive.
#67 - January 12, 2020, 05:43:43 PM

Jamil Udin

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I rarely use correlation as an analysis, but very often see 2 pairs in the same direction or even opposite just to ensure that the correlation really exists. Maybe it really needs an understanding to find out the correlation of all pairs in the forex.
#68 - January 14, 2020, 08:58:58 AM

celly

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I usually make the correlation between currencies as a benchmark strength of a currency against the currency pair or often called the currency index. By using a currency index, we will know the strength of a pair and also its correlation with other pairs.
#69 - January 14, 2020, 11:57:57 PM

Sarijos Soros

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If you want to do an analysis with currency correlations you can download currency index software on the internet, it shows the strength of each country's currency, effective enough in my opinion to know the trend of a pair.
#70 - January 15, 2020, 02:14:41 AM

lherry

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Currency correlations do exist and we can use them well if we are able to see currency and pair correlations through currency index readings, usually indexes will be colored according to their strengths at that time, ranging from blue for strong indices, red for weak indices and yellow for neutral index.
#71 - January 15, 2020, 11:56:35 PM

Acewyr

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I often see that there are many traders who use a currency correlation or a pair for analysis and it is indeed accurate enough to be included in the trading system.
#72 - January 16, 2020, 09:27:42 PM

ForexKuy

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Pair correlation is very helpful to be used as a comparison between many pairs. 
price movements can also be predicted with the correlation.
#73 - January 20, 2020, 06:42:40 AM

rabitb41

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Currency correlation and pair correlation are indeed effective enough to determine the direction of price movements afterwards, but we must be able to choose the right pair relationship because sometimes positive correlations can be negative and vice versa.
#74 - January 20, 2020, 08:56:48 AM

Khoirul

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each currency has a correlation so that each pair will also be interrelated because the USD as the center of the world currency aka we can do the analysis with the help of several pairs such as the eur / usd pair with gbp usd or the opposite with usd / jpy and so on.
#75 - January 21, 2020, 08:22:22 AM
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