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Mar 26, 2024 9:51 PM

Negative Correlation Between Gold & USDJPY Education

Gold vs US DollarPepperstone

Description

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There is a -94% correlation on the weekly timeframe (also known as negative correlation) between Gold & the Japanese Yen.

GOLD📉
=
USDJPY📈

When one market moves up, there is a high probability the other market will move down. Knowing this allows you to mitigate your risks, by not opening similar positions in both markets.
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