{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/learnpriceaction.com\/forex-currency-correlation-table-pdf-cheat-sheet\/#BlogPosting","mainEntityOfPage":"https:\/\/learnpriceaction.com\/forex-currency-correlation-table-pdf-cheat-sheet\/","headline":"Forex Currency Correlation Table PDF and Cheat Sheet","name":"Forex Currency Correlation Table PDF and Cheat Sheet","description":"If you trade more than one Forex pair, then understanding how correlation works is crucial. Forex currency correlation could either help you or see you risking far more than you were prepared for. In this post, we go through exactly what currency correlation is and how to use it in your own trading. NOTE: Get […]","datePublished":"2021-06-18","dateModified":"2025-07-07","author":{"@type":"Person","@id":"https:\/\/learnpriceaction.com\/author\/piphunter\/#Person","name":"Pip Hunter","url":"https:\/\/learnpriceaction.com\/author\/piphunter\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/bfb6b7956e1276e203f89cbb148345a03a0885f7f88453a649e15da4592f4b35?s=96&d=wavatar&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/bfb6b7956e1276e203f89cbb148345a03a0885f7f88453a649e15da4592f4b35?s=96&d=wavatar&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Learn Price Action","logo":{"@type":"ImageObject","@id":"https:\/\/learnpriceaction.com\/wp-content\/uploads\/2018\/09\/Learn-Price-Action-Logo.png","url":"https:\/\/learnpriceaction.com\/wp-content\/uploads\/2018\/09\/Learn-Price-Action-Logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/learnpriceaction.com\/wp-content\/uploads\/2021\/06\/currency-correlation-cheat-sheet.png","url":"https:\/\/learnpriceaction.com\/wp-content\/uploads\/2021\/06\/currency-correlation-cheat-sheet.png","height":607,"width":1593},"url":"https:\/\/learnpriceaction.com\/forex-currency-correlation-table-pdf-cheat-sheet\/","video":{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=UTYzq94Ty3A#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=UTYzq94Ty3A","name":"Currency Correlation in Forex - Key Insights for Traders","description":"If you're trying to figure out currency correlation trading strategies, then this is the video for you. \n\nGet this exact walkthrough and all the resources including the currency correlation trading strategies cheat sheet PDF trading guide mentioned in the video for free click here: https:\/\/learnpriceaction.com\/forex-currency-correlation-table-pdf-cheat-sheet\/ \n\nToday, you\u2019re going to learn that currency correlation trading strategies are a lot easier than you think.\n\nThere\u2019s a whole bunch of reasons why you\u2019d want to learn this. \n\nMost importantly, if you want to make profits trading with currency correlation trading strategies, then this video is designed to get you there as quickly as possible.\n\nIn this video you\u2019ll learn exactly what currency correlation trading strategies are and how to profitably trade with them.\n\nI\u2019m going to walk you through step by step the whole process that you need to know.\n\nReady to go? Then watch today's video!\n\nWant more? Get this exact walkthrough and ALL the resources including the currency correlation trading strategies cheat sheet strategies PDF guide mentioned in the video for free click here: https:\/\/learnpriceaction.com\/forex-currency-correlation-table-pdf-cheat-sheet\/","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/UTYzq94Ty3A\/default.jpg","https:\/\/i.ytimg.com\/vi\/UTYzq94Ty3A\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/UTYzq94Ty3A\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/UTYzq94Ty3A\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/UTYzq94Ty3A\/maxresdefault.jpg"],"uploadDate":"2025-02-22T08:02:05+00:00","duration":"PT2M58S","embedUrl":"https:\/\/www.youtube.com\/embed\/UTYzq94Ty3A","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCY3K_nDeZIhCYZA4XkdERRw#Organization","url":"https:\/\/www.youtube.com\/channel\/UCY3K_nDeZIhCYZA4XkdERRw","name":"Learn Price Action","description":"Learn price action trading strategies with Forex, Gold, Silver and other markets trading analysis videos each week.\n\n","logo":{"url":"https:\/\/yt3.ggpht.com\/ppaTnXvo0peeDbQqCXE-p5K8Po38wbXPLYPBugrokKy0_SQiAS4mCjE9ZleabcFNWOxKVb9jS6g=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=UTYzq94Ty3A#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=UTYzq94Ty3A#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=UTYzq94Ty3A&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=UTYzq94Ty3A#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":18}]]},"about":["Trading Strategy Guides"],"wordCount":726,"articleBody":"If you trade more than one Forex pair, then understanding how correlation works is crucial.Forex currency correlation could either help you or see you risking far more than you were prepared for.In this post, we go through exactly what currency correlation is and how to use it in your own trading.NOTE: Get your free Forex currency correlation PDF guide below. Table of ContentsToggleWhat is Forex Currency Correlation?Correlated Forex Pairs ListPositive Correlation PairsNegative Correlation PairsEURUSD CorrelationEURUSD Positive Correlation PairsEURUSD Negative Correlation PairsCurrency Correlation CalculatorForex Correlation Cheat SheetCurrency Correlation IndicatorWhat is Forex Currency Correlation?Some currency pairs tend to move very closely inline with other pairs. This is known as correlation when two Forex pairs are correlated in their movements.It is so important to understand correlation because you can quickly start risking more than you wanted to if you trade two or more pairs.If you enter two trades where the pairs are closely correlated, you risk having two large winners or two large losses.For example, if you entered long trades on both the GBPUSD and the EURUSD, you would be entering two highly correlated pairs. The GBPUSD and EURUSD can have up to 90% correlation on the daily time frame. If the price was to move lower against you on one pair, then it is highly likely that the other pair would also move against you, and you would face two losses, not just one.Whilst there is a positive correlation when two pairs move in the same direction, there is also an inverse or negative correlation. This is where one pair moves higher, and the other pair moves lower. Correlated Forex Pairs ListBelow is a list of some of the most highly correlated Forex pairs.Positive Correlation PairsGBPUSD and EURUSDAUDUSD and EURUSDUSDCHF and USDCHFAUDUSD and NZDUSDEURUSD and NZDUSDEURJPY and CADJPYEURJPY and GBPJPY Negative Correlation PairsEURUSD and USDCHFUSDJPY and GBPUSDAUDUSD and USDJPYEURJPY and AUDCADEURJPY and USDCHF EURUSD CorrelationOne of the most popular Forex pairs to trade is the EURUSD. However, if you like trading this pair, then you need to understand the other pairs that are highly correlated with it.EURUSD Positive Correlation PairsEURUSD and GBPUSDEURUSD and GBPJPYEURUSD and NZDUSDEURUSD and EURJPYEURUSD and CADJPY EURUSD Negative Correlation PairsEURUSD and USDCHFEURUSD and USDCADEURUSD and USDCADEURUSD and AUDCHF Currency Correlation CalculatorOne of the easiest ways to see the potential positive and negative correlation for your Forex trades is by using a calculator.The currency correlation calculator at investing.com quickly shows you either the positive or negative correlation your positions could have.After entering the pair you are trading, the time frame you want to see correlation levels for, and how many periods to calculate, you will quickly see the other pairs that are most likely aligned.Checkout the free currency correlation calculator here. Forex Correlation Cheat SheetIf you quickly want to see a large range of positive and negatively correlated Forex pairs, then using a quick cheat sheet can be very handy.Mataf provides an up-to-date currency correlation graph that is easy to use with a lot of features.You have the option to select the time frame you want to see the correlation for and the pairs you want to include or exclude.The other super handy feature is that you can use your mouse to scroll from pair to pair, and it will highlight the correlation for other pairs.Checkout the free Forex correlation cheat sheet here. Currency Correlation IndicatorNOTE: If you do not yet have the best MT4 charts to use this indicator with, you can read about getting the best free trading charts and the broker to use this indicator with here.This currency correlation indicator for MT4 is a powerful indicator that shows you correlation in real-time on your trading charts.This MT4 indicator at MQL5 shows the strength and weakness in the correlation between different indicators.You have the option to see correlation levels using a range of different indicators that include;Moving averagesStochastic oscillator indicatorRelative strength indexMACDMoney flow indexCommodity channel indexRelative vigour indexDeMarkerYou can get the free MT4 currency correlation indicator here."}