We merely are sharing information and making you aware of Forex trading tools that are available in the Forex market that may meet your Forex trading needs – whatever they may be. Also please note that Money Making Forex Tools is a commercial business and as such does earn income from most products and services advertised or promoted on this Currency correlation table can be also found at Mataf.net and Investing.com. Tips and tricks for Forex & CFD Market currency correlation trading. Eliminate contradictory trading. If you open a long position for EUR/AUD you shouldn’t also open a long position for AUD/CHF in the same time. These pairs correlate with each other, negatively. If I'm trading a 4H chart, I'll use the daily table. If I trade lower than that, I use the Hourly. The hourly correlated pairs, seem to change correlation a lot. The best thing to do is list the correlated pairs from each chart. Look at their charts and see if they look like each other. If they do- trade them. A correlation of -1 means they will move in the opposite direction 100% of the time. A correlation of zero means no relation between currency pairs exists. Information about current correlation coefficients can be found here: Currency Correlations Table. The example of strong positive correlation between two currency pairs is: GBP/USD and EUR/USD. The currency index represents the evolution of a currency relative to the entire forex. The index is the average of one currency compared to others. The chart representation makes it easy to view trends by currency.
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