CURRENCY PAIRS THAT MOVE TOGETHER

The forex market (currencies) is designed in pairs, a good understanding of how these pairs work will give you a smarter way to trade the market, that being said, currency pairs can be related in their movement.

They can move in different or the same direction, in this article we are going to list currency pairs that share this correlation, also we will mention currency pairs that move together.

CURRENCY PAIRS CORRELATION TABLE

The currency pairs correlation table is a list of currencies and how they are related in terms of their strength, weakness, similarities, and differences. The relationship between these currencies is important as what happens in one currency pair can affect the other in the opposite or the same direction.

	EUR/USD	GBP/USD
EUR/USD		77
GBP/USD	77
AUD/USD	75	70
GBP/JPY	66	88
EUR/JPY	50	19
EUR/GBP	-43	-90
USD/JPY	-46	-56
USD/CHF	-77	-57
USD/CAD	-79	-85

	AUD/USD	GBP/JPY
EUR/USD	75	66
GBP/USD	70	88
AUD/USD		60
GBP/JPY	60
EUR/JPY	31	54
EUR/GBP	-49	-80
USD/JPY	-41	-9
USD/CHF	-36	-36
USD/CAD	-68	-76

	EUR/JPY	EUR/GBP
EUR/USD	50	-43
GBP/USD	19	-90
AUD/USD	31	-49
GBP/JPY	54	-80
EUR/JPY		7
EUR/GBP	7
USD/JPY	54	49
USD/CHF	-18	30
USD/CAD	-31	68

	USD/JPY	USD/CHF
EUR/USD	-46	-77
GBP/USD	-50	-57
AUD/USD	-41	-36
GBP/JPY	-9	-36
EUR/JPY	54	-18
EUR/GBP	49	30
USD/JPY		57
USD/CHF	57
USD/CAD	45	70

	USD/CAD
EUR/USD	-79
GBP/USD	-85
AUD/USD	-68
GBP/JPY	-76
EUR/JPY	-31
EUR/GBP	68
USD/JPY	45
USD/CHF	70
USD/CAD

CURRENCY PAIRS THAT MOVE TOGETHER

These are the currency pairs that move together;

USDCHF/USDJPY

EURUSD/NZDUSD

AUDUSD/NZDUSD

EURUSD/GPBUSD

EURUSD/AUDUSD

CORRELATION COEFFICIENT FORMULAE

Below is the Correlation Coefficient Formulae;

CURRENCY CORRELATION STRATEGY

The currency correlation strategy is going bull or short on a currency pair based on the market direction of another currency pair. For example below is an image showing side by side currency correlation of AUD/JPY and EUR/JPY. This strategy can only be applied for currency pairs that move in the same direction.

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CURRENCY PAIRS THAT MOVE IN OPPOSITE DIRECTION

There are currency pairs that move in the opposite directions, this means that when one pair is bullish the other is bearish.

Below is a list of currency pairs that move in the opposite direction.

USD/JPY—–AUD/USD

USD/CAD—–AUD/USD

GPB/USD——USD/CHF

EUR/USD——USD/CHF

GBP/USD——USD/JPY

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 MOST VOLATILE EXOTIC CURRENCY PAIR

One thing exotic currency pair brings to mind is volatility. Exotic currency pairs are volatile because countries that are pairs together have a much stronger economic strength when compared; that is the weaker country has a less diversified economy than the much stable ones. For example USD/ZAR and USD/MXN.

Here are lists of the most volatile currency pair.

USD/ZAR

USD/MXN

USD/TRY

USD/BRL

USD/KRW

GPB/AUD

GBP/NZD

PAIRS LIKE GBPJPY

GBPJPY is a volatile pair and usually comes with a high spread; there are other forex cross pairs that share its volatility similarities.  These pairs are

USD/JPY

EUR/JPY

EUR/CAD 

WHICH CURRENCY PAIRS MOVE THE MOST?

The currency pairs that move the most can be subject to change based on their demand and supply at the time.

However, in all the currency pairs that move the most are the exotic pairs which are

USD/ILS

USD/INR

USD/SEK

USD/SGD

USD/TRY

USB/BRL

USD/DKK

USD/HKD

USD/MXN

USD/ZAR

Below are comparative images showing all major pairs, cross pairs, and exotic pairs and their volatility rate.