How the correlation between currency pairs works
The correlation between currency pairs is a very interesting topic for investors in the currency market.
Correlation between currency pairs indicates how similarly two currency pairs move in the market.
There are different types of correlation, such as positive, negative and neutral correlation .
For example, the EUR/USD and GBP/USD currency pairs are often positively correlated, meaning they tend to move in the market in a similar way.
On the other hand, the EUR/USD currency pair and the USD/CHF pair are often negatively correlated, which means that when one pair goes up, the other tends to go down.
Pairs generally moving in the same direction
- EUR/USD and GBP/USD.
- EUR/USD and AUD/USD.
- EUR/USD and NZD/USD.
- USD/CHF and USD/JPY.
- AUD/USD and NZD/USD.
Pairs that generally move in opposite directions
- EUR/USD and USD/CHF.
- GBP/USD and USD/JPY.
- USD/CAD and AUD/USD.
- USD/JPY and AUD/USD.
- GBP/USD and USD/CHF.
Questions about trading? Try AI, Artificial Intelligence
(Robot bottom right)
Below you can see the brokers most used by our traders. they have been selected based on the number of registrations and trading operations. In addition to these, you can view the complete list of brokers with relative comparison.
Visit our Italian website ForzaForex.it (translator option in many languages) full of free indicators, strategies and unique resources!
By registering through these links you get preferential assistance, various free resources and the possibility of free access to the VIP signal room. Clear cookies before visiting a broker. Send your ID, teh identification number that the broker assigns you, to firstname.lastname@example.org.
Risk warning: "Binary options are not promoted or sold to retail EEA traders" If the broker is not authorized in your area, e.g. IQ Option (Eurozone / Usa), you can choose from our Broker Comparison (reliable brokers who accept traders from all over the world, following image):