What Forex Pairs Are Correlated. The stronger the correlation is – the more related their price charts are. This question is often asked by a lot of people.
Highly correlated currency pairs in Forex Commodities that are correlated with currencies The Canadian dollar and crude oil have a positive correlation because Canada is a significant oil producer and exporter. So, What Forex pairs are correlated? As you know, currency pairs are not independent.
Meaning, the higher the value of correlation, the longer the pairs move together in unison.
The most correlated forex pairs tend to be those that not only share a currency, but also have close economic ties between the other currencies within the pair.
Save time and use our Forex Correlation Cheat Sheet and Excel Guide. They are connected and interlinked to each other. For example, one of the most correlated currency pairs in the forex market is EUR/USD vs GBP/USD.