Oztrade
Pendidikan

CROSS CURRENCY PAIRS CORRELATION - ADVANCED ANALYSIS

FX:EURUSD   Fx Euro/Dolar U.S.
Hi all, I wanted to share this chart with you - I am hoping it works when I publish it and the arrows stay inline with the text - something very interesting we all know about currencies moving in tandem with each other to some degree different economic events causing them to stop moving together but eventually they will again.

As a forex trader, if you check several different currency pairs to find the trade setups, you should be aware of the currency pairs correlation, because of two main reasons:

1- You avoid taking the same position with several correlated currency pairs at the same time and so you do not increase your risk. Additionally, you avoid taking opposite positions with the currency pairs that move against each other, at the same time.

2- If you know the currency pairs correlations, it may help you predict the direction and movement of a currency pair, through the signals that you see on the other correlated currency pairs.

If you would like more information describing the affects - reply with a short note and I will paste a URL
Please i need more information describing the effect of currency correlation on the forex market trading.Thanks.You may reach me on email.ikelesam2012@gmail.com
Balas
awesome
Balas
I just happened across this information while looking for something else. I was looking for a tool, if one exists, that lists the greatest weekly moves of currency pairs,
in order for me to start looking for potential trend reversals. Your chart is fascinating but I agree with another trader that it is cancellation rather than correlation. let's study things some more.
Balas
I think your arrows are not aligning with text because arrows are larger than the text. Try decreasing their size. :)
Balas
thank you so much for this!
Balas
Fickn awesome site bud......thanks for sharing......Cam
Balas
Hi ,
I would like more info on how to read the correlation chart correctly and maybe see some examples.

Thank you

Thomas Jung
Balas
Nice to learn more about Correlation bvetwen FX courrencies and commodities, like gold or crude oil,

feel free of share it
Balas
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Daftar Keluar