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Currency Correlation in Forex Trading

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Peterix

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We can find currency correlations on the currency index indicator that we can download on the internet ourselves and that is indeed quite helpful because each pair will influence each other, that's why when one pair is very volatile, especially the major pair then the other pair is also volatile because it is indeed currencies are interrelated.
#76 - January 21, 2020, 05:02:09 PM

Acewyr

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In my opinion, the US dollar is what causes a correlation between one pair with another pair because the USD is the center of currency conversion and each pair needs it for conversion.
#77 - January 22, 2020, 12:03:13 PM

MrForex

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Pair correlation is one of the technical tools that can be used as material for analysis in addition to using technical and fundamental indicators because pair correlations are interrelated and related to each other and some have almost the exact same correlation.
#78 - January 23, 2020, 08:18:06 AM

greenbeach

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We need to know and study the currency correlations of various countries because they can indeed be used to conduct analysis and that is quite important. I also often use it for forex trading.
#79 - February 10, 2020, 09:30:57 AM

Arjun Setya Raharja

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Currency correlation and also pair correlation are accurate techniques for predicting a pair's character and price movements caused by a currency that is volatile so that other currencies are affected.
#80 - February 10, 2020, 05:18:15 PM

Trully Amary

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study the correlation and character of the currency does not hurt, rather it will be very useful for conducting analysis when trading, especially the USD and other major pairs.
#81 - February 16, 2020, 10:24:06 AM

Gerry Land33

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Currency correlation is an important tool for traders who can use it well and make currency correlation an analytical tool, even analysis with correlation is in my opinion better than technical indicators.
#82 - February 17, 2020, 02:33:48 AM

farqueen

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so that we can learn the character of a currency or a pair then we must know that currency so that we can more easily use correlation with pairs or other currencies that we often trade.
#83 - February 23, 2020, 05:15:28 AM

Nguyen77

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We can use pair correlation as best we can to analyze some of the pairs we trade because each pair will correlate with each other, including the USD which is the center of the world currency.
#84 - February 23, 2020, 06:40:52 AM

Billy Atkinson

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Currency correlations and pair correlations are often used to help technical analysis but unfortunately not many people use correlations for trading and traders tend to prefer technical analysis.
#85 - March 02, 2020, 03:56:55 AM

Alfreddy

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correlation of a currency pair is related and has been widely used even there is software to measure the strength of a currency which is referred to as an indicator of a currency index.
#86 - March 03, 2020, 12:00:21 AM

havis

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if we want to trade with pair correlation then we can learn some pairs that have the most close correlation both unidirectional and opposite correlation like eurusd with usdjpy for example which has a very close inverse correlation.
#87 - March 03, 2020, 02:19:05 AM

Tapakliman

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correlation of one currency with another can be utilized properly if we are able to measure the index of currencies that we often trade, in addition to that between one pair and another we can also analyze the correlation.
#88 - March 04, 2020, 05:41:09 AM

sowalzky

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Currency correlations are suitable to help us analyze especially if we know the correlation between pairs because between major pairs there is usually a correlation that is interconnected, that's why if if one pair moves volatile then another pair will follow.
#89 - March 04, 2020, 07:49:23 AM

Neweta44

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studying currency correlations or pair correlations is very good and will certainly be useful for our analysis, I usually install currency index indicators to identify currency correlations.
#90 - March 04, 2020, 05:02:30 PM
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