FX:EURUSD   Euro / U.S. Dollar
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
How about EURNZD
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
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.
I think your arrows are not aligning with text because arrows are larger than the text. Try decreasing their size. :)
thank you so much for this!
Fickn awesome site bud......thanks for sharing......Cam
Hi ,
I would like more info on how to read the correlation chart correctly and maybe see some examples.

Thank you

Thomas Jung
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out