Free tools · Forex & CFDs

Forex correlation matrix

Before you open a second trade, check whether it is really a second trade or the same bet twice.

Education only — computed from a broker MT5 demo feed; not investment advice. We publish statistics worked out from the feed, not its candles.

Pairs that move most alike

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    What the colours mean

    Each number compares the daily percentage moves of two markets. Close to +1 (green) they rise and fall together; close to −1 (red) they go opposite ways; near 0 there is no steady link. Example: long EUR/USD and long GBP/USD at +0.85 is close to one trade of double size; long EUR/USD and long USD/CHF at −0.9 mostly cancel out.

    Links change: compare the 20-day and 120-day tables to see if a relationship is new. Size combined positions together with the lot size calculator.

    Questions

    What is a high correlation in forex?

    Above about +0.7 or below −0.7. Two trades with that link behave much like one.

    Why include gold, indices and Bitcoin?

    Many traders hold them next to their forex trades; their links to the dollar pairs change with risk mood and rates.

    How is it calculated?

    From the daily percentage changes of each market over the chosen number of trading days, using the Pearson correlation.

    Practise and trade with a plan

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