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Know More about Currency pair Correlations

How currencies are co-related to each other is being described in this article.<br><br>

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Know More about Currency pair Correlations

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  1. Know More About Currency Pair Correlation EQUIDIOUS RESEARCH+1(347)434-9044 www.equidiousresearch.com

  2. What is Currency Correlation? Currency correlation depicts an extent to which two currency pairs have moved in same, opposite, or totally random directions over a period of time. Correlation is the numerical measure of the relationship between two variables. The range of the correlation coefficient is between -1 and +1. For Best Forex Signals www.equidiousresearch.com

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  4. What is Positive Correlation? Positive Correlations: A correlation of +1 denotes that two currency pairs will flow in the same direction.For Example: Correlation between EUR/USD and GBP/USD is an epitome as if EUR/USD rises then GBP/USD is moving the same direction. For Best Forex Signals www.equidiousresearch.com

  5. Positive Correlation Pairs Positive Correlations: EUR/USD and GBP/USD (+ 0.89) EUR/USD and AUD/USD (+ 0.81) EUR/USD and EUR/CHF (+ 0.93) AUD/USD and Gold (+ 0.75) For Best Forex Signals www.equidiousresearch.com

  6. What is Negative Correlation? Negative Correlations: A correlation of -1 indicates that two currency pairs will move in the contradictory direction 100% of the time.For Example: Correlation between EUR/USD and USD/CHF is an epitome of negative correlation, if EUR/USD rises, then USD/CHF falls. For Best Forex Signals www.equidiousresearch.com

  7. Negative Correlation Pairs Negative Correlations: EUR/USD and USD/CHF (- 0.85) USD/CAD and AUD/USD (- 0.88) AUD/NZD and NZD/SGD (- 0.78) USD/JPY and Gold (- 0.78) For Best Forex Signals www.equidiousresearch.com

  8. What is Zero Correlation? Zero Correlation:The correlation of zero denotes that the relationship between the currency pair is completely arbitrary. Currency correlation is strongly connected with risk management, and can help you to better understand the market when trading. For Best Forex Signals www.equidiousresearch.com

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