Forex Pair Correlation Display Tool l +72 Currency Pairs [TradingFinder]

The Forex Correlation Tool presents a table displaying the relationship between the prices of 72 currency pairs at a given time. In this table, the correlation value ranges from -100% to 100%, where +100% indicates that two symbols move in complete alignment, while -100% signifies that the two symbols move in opposite directions.

Table Settings

Column Symbols:

You have selected the maximum number of columns. (10 columns)

Row Symbols:

1 Day

Currency
AUDCAD
AUDCHF
AUDJPY
AUDNZD
AUDSGD
AUDUSD
CADCHF
CADJPY
CHFJPY
CHFSGD
AUDCAD100.0%24.8%29.2%54.4%44.8%7.9%-23.1%-26.7%0.8%-8.2%
AUDCHF24.8%100.0%-19.4%53.5%17.9%-60.4%88.5%-33.4%-81.1%-93.7%
AUDJPY29.2%-19.4%100.0%-7.4%55.3%48.5%-33.7%84.4%73.1%39.3%
AUDNZD54.4%53.5%-7.4%100.0%-9.3%-57.1%27.5%-38.0%-41.2%-56.2%
AUDSGD44.8%17.9%55.3%-9.3%100.0%60.0%-3.5%30.7%20.7%17.5%
AUDUSD7.9%-60.4%48.5%-57.1%60.0%100.0%-64.4%44.5%71.0%81.4%
CADCHF-23.1%88.5%-33.7%27.5%-3.5%-64.4%100.0%-20.9%-81.9%-90.2%
CADJPY-26.7%-33.4%84.4%-38.0%30.7%44.5%-20.9%100.0%73.2%44.1%
CHFJPY0.8%-81.1%73.1%-41.2%20.7%71.0%-81.9%73.2%100.0%88.7%
CHFSGD-8.2%-93.7%39.3%-56.2%17.5%81.4%-90.2%44.1%88.7%100.0%

Introduction to the Forex Correlation Tool

In Forex trading, correlation refers to the relationship between the price movements of two trading symbols. The TradingFinder Correlation Tool displays this value in a table with up to 10 columns, expressed as percentages.

Features of the TradingFinder Correlation Tool

This tool includes the following features:

  • Unlimited addition of symbols as table rows
  • Timeframe adjustment options: [5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, 1 week, 1 month]
  • Filtering currencies based on minimum/maximum correlation thresholds
Timeframe and range settings in the Trading Finder Correlation Tool
Ability to adjust the correlation range and timeframe in the TradingFinder Correlation Tool

How to Use the TradingFinder Correlation Tool

To use the correlation tool, follow these steps:

  1. Use the settings button to show the desired currency pairs in the rows and columns;
  2. After selecting the "Filters" option, specify the timeframe and correlation range;
  3. In the first row (top) and the first column (right), select two symbols and view their correlation value in the middle of the table.
Viewing correlation in the Trading Finder Correlation Tool
How to observe correlation between CADCHF and GBPNZD in the Correlation Tool

Practical Applications of Forex Correlation for Traders

Understanding correlation values between two symbols can positively impact trading in the following ways:

  • Hedging to prevent losses
  • Diversifying a portfolio
  • Confirming trade decisions
  • Avoiding multiple positions in highly correlated currencies

Conclusion

The TradingFinder Forex Correlation Tool displays correlation values between asset prices within a range of -100% to 100%. This platform enables users to select from 72 currency pairs and 8 different timeframes (from 5 minutes to 1 month).

$35

Free

*This trading tool is free for limited time.

FAQs

What is the purpose of the TradingFinder Forex Correlation Tool?

This tool is used to display the correlation between 72 Forex currency pairs within a specific timeframe.

What timeframes are available in this tool?

The tool supports 8 different timeframes, including 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, 1 week, and 1 month.

How is correlation represented in this tool?

The correlation between currency pairs is displayed in a range from -100% to 100%.

How can correlation values improve trading decisions?

Traders can use this data for hedging, portfolio diversification, trade confirmations, and more.

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