Forex Correlation Tool
Avoid over-exposure. Identify which currency pairs move together and which move in opposite directions to build a truly diversified trading portfolio.
Why Correlation Matters
If you trade EURUSD and GBPUSD simultaneously, you aren't diversifying — you are doubling your risk on the US Dollar. Since these pairs have a high positive correlation, they move in the same direction 80-90% of the time.
Conversely, EURUSD and USDCHF have a strong negative correlation. Trading them in the same direction creates a "hedge" that may cancel out your profits.
Correlation Scores
- +0.8 to +1.0 Strong Positive
- -0.8 to -1.0 Strong Negative
- -0.2 to +0.2 Independent
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This calculator is part of our professional suite of Forex currency calculators. Explore the fullForex Trading Toolkitto optimize your strategy and manage risk like a professional.
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More Forex Tools
Explore related calculators to sharpen your edge
Forex Profit & Loss
Calculate net profit/loss for any currency pair trade in your account currency
Forex Pip Value
Calculate the dollar value of a pip for any lot size and currency pair
Forex Position Size
Calculate the optimal lot size based on your risk percentage and stop loss
Forex Margin Tool
Calculate required margin and leverage impact for forex positions