See how forex pairs move in relation to each other. Select a base pair and time period to view live correlation data.
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Currency correlation measures how two currency pairs move in relation to each other over a given period. A correlation coefficient of +1.0 means they always move in the same direction, while -1.0 means they always move in opposite directions. A value near 0 indicates no predictable relationship.
Understanding correlation helps you manage risk. If EUR/USD and GBP/USD have a +0.90 correlation, going long on both is essentially doubling your position. Negatively correlated pairs can serve as natural hedges. Checking correlations before opening positions helps avoid unintended risk concentration.
Gold typically shows a negative correlation with the US Dollar. When the dollar weakens, gold tends to rise — and vice versa. This makes gold a popular hedge against USD weakness. Our Julia Scalper EA is optimized for XAUUSD, leveraging market dynamics including correlation shifts in its trading algorithm.
Currency correlation is a statistical measure showing how two currency pairs move relative to each other. Values range from +1.0 (always move together) to -1.0 (always move opposite). It's calculated using the Pearson correlation coefficient on daily price returns.
We use the Pearson correlation coefficient on daily closing price returns. Data for major forex pairs comes from the European Central Bank (ECB). Gold and Bitcoin data comes from Yahoo Finance. Results are cached and updated every 6 hours.
Correlations shift due to changing economic conditions, monetary policy divergences, geopolitical events, and market sentiment. This is why we offer multiple time periods — short-term (5D) correlations can differ significantly from long-term (180D) trends.
Use correlation to manage risk: avoid doubling exposure on highly correlated pairs, find hedging opportunities with negative correlations, and diversify your portfolio. Always check correlation before opening multiple positions.
Gold (XAU/USD) typically has a negative correlation with the US Dollar. When USD weakens, gold tends to rise. However, this relationship varies depending on market conditions, risk sentiment, and macroeconomic factors.
Correlation data is recalculated every 6 hours using the latest daily closing prices. Forex data comes from the ECB via the Frankfurter API. Gold and Bitcoin data comes from Yahoo Finance.
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