I was hoping someone could explain why there appears to be such a high correlation between the EURUSD and USDCHF? Also, has anyone tried exploiting this in terms of a trading strategy?
Thanks.
Thanks.
MT4 MTF Correlation table and Correlation oscillator indicators 155 replies
How can I create a correlation matrix for EURUSD in mt4 1 reply
EURUSD and USDCHF almost 100% -ve correlation 1 reply
Which pair has the highest correlation with the EURUSD 7 replies
EURUSD vs GBPUSD! Who leads the way? Explaining the positive correlation! 3 replies
DislikedThanks for theat link MPP, it is certainly useful. Looking at it, there really is a strong correlation between the two, much more than other pairs, and it interests me why this is...?Ignored
DislikedI was hoping someone could explain why there appears to be such a high correlation between the EURUSD and USDCHF? Also, has anyone tried exploiting this in terms of a trading strategy?
Thanks.Ignored
DislikedMan....
Nobody seems to be giving you the correct answer. The pairs are correlated because they both consist of US Dollars. If USA does well one week, then EUR/USD goes down and USD/CHF goes up. Not because there is a causation between the two pairs, but because USA did well and thus results in correlation of the two pairs.
Best of luck,
KevinIgnored
Dislikedso what your saying is that the world see EUR and CHF as equal, thus when the USD moves it has an equal yet oposite affect on them.Ignored