Currency correlation πŸ’ΈπŸ’Έ #trading #forex #crypto #cryptocurrency #stockmarket #nifty #bitcoin

*Positive Correlation:*

EURUSD ⇔ GBPUSD (95%)
AUDCHF ⇔ NZDCHF (90%)
EURJPY ⇔ GBPJPY (85%)
AUDJPY ⇔ NZDJPY (80%)
EURCAD ⇔ GBPCAD (75%)
USDJPY ⇔ DXY (70%)
EURAUD ⇔ GBPAUD (65%)
USDCHF ⇔ DXY (60%)
EURNZD ⇔ GBPNZD (55%)
EURCHF ⇔ GBPCHF (50%)
XAUUSD ⇔ XAGUSD (40%)

*Negative Correlation:*

DXY ⇔ EURUSD (-85%)
DXY ⇔ GBPUSD (-80%)
DXY ⇔ XAUUSD (-75%)
DXY ⇔ XAGUSD (-70%)
DXY ⇔ AUDUSD (-65%)
DXY ⇔ NZDUSD (-60%)
DXY ⇔ NASDAQ (-55%)
DXY ⇔ DOW JONES (-50%)

*Correlation Matrix:*

| | EURUSD | GBPUSD | USDJPY | AUDUSD | NZDUSD |
| — | — | — | — | — | — |
| EURUSD | 1 | 0.95 | 0.4 | 0.6 | 0.55 |
| GBPUSD | 0.95 | 1 | 0.35 | 0.65 | 0.6 |
| USDJPY | 0.4 | 0.35 | 1 | 0.4 | 0.45 |
| AUDUSD | 0.6 | 0.65 | 0.4 | 1 | 0.85 |
| NZDUSD | 0.55 | 0.6 | 0.45 | 0.85 | 1 |

Note: Correlation coefficients range from -1 (perfect negative correlation) to 1 (perfect positive correlation).

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