Related currency pairs - correlations between currency pairs

 article about Related currency pairs - correlations between currency pairs
2018-10-16 04:24:22
When trading forex, you will notice that some currency pairs seem to move in the same direction at the same time. Which means that those currency pairs are related to each other. Sometimes when you see one of the related pairs move and the other not (yet), there might be a good time to trade. Which of the pairs you will base your trade decision on is of course already a more difficult question - you just need to follow the charts and make your own decisions.

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Currency pairs that are usually moving in the same direction

GBPUSD/USDJPY
EURUSD/GBPUSD
USDCHF/USDJPY
AUDUSD/GBPUSD
AUDUSD/EURUSD
AUDUSD/GOLD
CADJPY/OIL

Currency pairs that are usually moving in the opposite direction

AUDUSD/USDJPY
EURUSD/USDJPY
GBPUSD/USDJPY
GBPUSD/USDCHF

Obviousy, it does not mean synchronous movements, instead often one pair can indicate a change soon after in the other.




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Related currency pairs - correlations between currency pairs
Related currency pairs - correlations between currency pairs

When trading forex, you will notice that some currency pairs seem to move in the same direction at the same time. Which means that those currency pairs are related to each other.

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Related currency pairs - correlations between currency pairs

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