Forex Currency Correlation Table
Currency correlation is very important when trading. Make sure you are not crossing over yourself and countering your positions, use the correlation table here to match up pairs you want to trade first before committing to your trades.
A positive correlation value 80%+ shows a good sign that these currency pairs are following the same trend so do not Short one and Go long on the other if they have high positive correlation.
A negative correlation value of -80%+ shows opposite correlation meaning that if as an example GBP/USD USD/CHF had a -90% correlation. If GBP/USD went up then do not go long on USD/CHF as it will likely go down.