Currency Correlation Matrix
Analyze correlations between major currency pairs to optimize your trading strategy. Understand how different pairs move in relation to each other.
Currency Pair Correlation Matrix
24-hour correlation
Loading correlation data...
Correlation Strength Guide
+1.0
Perfect Positive
Move together
+0.7
Strong Positive
Usually together
0.0
No Correlation
Independent
-0.7
Strong Negative
Usually opposite
-1.0
Perfect Negative
Move opposite
Using Correlations in Trading
- • Diversification: Avoid highly correlated pairs
- • Hedging: Use negative correlations to offset risk
- • Confirmation: Strong correlations can confirm signals
- • Risk Management: Monitor correlation changes
Important Notes
- • Dynamic: Correlations change over time
- • Market Events: Can break normal correlations
- • Timeframes: Different timeframes show different correlations
- • Economic Factors: Interest rates affect correlations