DislikedHey I just wanted to share an article I found online about correlated currency pairs. MKFX mentioned them the other day and I have been reading about them http://www.investopedia.com/articles.../05/051905.asp I noticed how some currency pairs charts moved almost identically to each other. This might help some of the newer traders out there skim down the pairs they watch since some of them move the same(or in some instances, completely opposite) Edit: MKFX in the case of the EUR/USD and the USD/CHF. Seeing as how these are...Ignored
- If the correlation is high (above 80) and positive then the currencies move in the same way.
- If the correlation is high (above 80) and negative then the currencies move in the opposite way.
- If the correlation is low (below 60) then the currencies don't move in the same way.
You can check correlations here.
http://www.forexmarkethours.com/correlation/06/