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Currency Correlation in Forex Trading

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karisma sanse

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Currency correlations can be used for analysis, especially to find out the direction of the currency we are comparing, for example, if we want to trade in Eur / USD, then we can analyze correlation with usdjpy.
#91 - March 12, 2020, 05:04:16 AM

FardhanVx

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Currency correlations in forex trading can be used for analysis between pairs and it is very effective even though we trade with minimal technical indicators because pair correlations already represent valid price movements.
#92 - May 04, 2020, 10:11:43 AM

Antonio

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Currency correlations can be used provided that they have to be careful in comparing between pairs that are running, this technique requires carefulness to use them.
#93 - May 04, 2020, 12:11:47 PM

Libra

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correlation that is often used usually refers to the USD currency because as a center and also the conversion of other currencies so that one pair with another pair are interconnected.
#94 - May 06, 2020, 11:05:40 AM

Kapoor

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Currency correlation is actually already strong enough to support an analysis because the relationship between currencies like this will affect the condition of the pair that we are trading so we only need to look for confirmation of the indicators we use for position entry.
#95 - May 06, 2020, 10:54:55 PM

Miracle Fx

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Quote from: Libra on May 06, 2020, 11:05:40 AM
correlation that is often used usually refers to the USD currency because as a center and also the conversion of other currencies so that one pair with another pair are interconnected.
USD is very strong to be used in correlation techniques, most pairs refer to USD, so indeed there is more correlation between pairs for USD
#96 - May 10, 2020, 04:43:36 PM

miqbal79

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Currency correlations are also accurate enough to analyze in determining price movements because currency correlations are interrelated through export import activities between countries in the world.
#97 - May 11, 2020, 04:11:34 PM

Genic08AD

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correlation of a pair can greatly help our trading and analysis if we are able to apply and read the relationship between one pair to another or 2 currencies that are connected in a pair.
#98 - May 13, 2020, 02:53:50 AM

Forexin

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All pairs are connected to each other and have bonds, so there is a correlation strategy in several currencies.
The method is very simple by paying attention to currency movements.
#99 - May 13, 2020, 11:39:03 AM

OjoL2904

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Correlation of a currency with another currency can build pair correlation between currencies that we can use to analyze future price movements. When one pair moves freely, actually another pair also impacts, so we can predict the price using pair correlation.
#100 - May 13, 2020, 02:51:48 PM

Mochira

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Correlations pairs currency, movements must be understood with other pairs, because not always the pair goes exactly the same continuously.
#101 - May 18, 2020, 01:23:20 PM

PrimaFx

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studying pair correlation or currency correlation is very good and very helpful in our trading analysis especially if we trade using a currency strength index it will be even easier.
#102 - June 03, 2020, 11:09:38 AM

ariezz

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what I like the most with this currency correlation is the value of the index where a currency index strengthens, so one day it will tend to strengthen, according to my observations so that it can be used for entry decisions.
#103 - June 08, 2020, 11:27:44 AM

Miracle Fx

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Quote from: ariezz on June 08, 2020, 11:27:44 AM
what I like the most with this currency correlation is the value of the index where a currency index strengthens, so one day it will tend to strengthen, according to my observations so that it can be used for entry decisions.
Currency correlation is often used as a comparison between several pairs. if a market index decreases or strengthens then we can trade by following other currencies.
#104 - June 16, 2020, 01:31:26 AM

ariezz

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Quote from: Miracle Fx on June 16, 2020, 01:31:26 AM
Currency correlation is often used as a comparison between several pairs. if a market index decreases or strengthens then we can trade by following other currencies.
if my benchmark is the currency index and the currency index can be downloaded because it is a software, it's just a bit heavy on the computer. Currency correlations can indeed be relied on because there is no need for other indicators that make the chart dirty.
#105 - June 16, 2020, 02:21:22 AM
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