oanda Corporation. Such types of tools serve utility for high-end portfolio management services, mainly to avoid occurrences of trades contracting against each other. Restricting cookies will prevent you benefiting from some of the functionality of our website. Please refer to the.
EL Correlation provides for an opportunity to detect various peculiarities and patterns in price dynamics which are. Correlation measures the relationship existing between two currency pairs. For example, it enables us to know whether two currency pairs are going. Two correlated currencies will have a coefficient close to 100 if they move in the same direction and of -100 if they move in opposite directions. Forex correlation indicator is primarily a statistical measuring instrument which one can employ to gauge 2 or more currencies (as well as securities) moving in response to each other.
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