28 Currency Pairs | Free Diversification and Hedging Tool
To understand • Types of Correlations • Painting • Strategies • FAQ
Are you trading multiple currency pairs at the same time? Beware of the trap! Some pairs move together. Others move in the opposite direction. If you don't know this, you're taking a big risk.
OUR forex correlation chart It shows you everything at a glance. 28 pairs analyzed. You immediately see which pairs to avoid and which to combine. Simple and free.
What is Forex Correlation?
La forex correlation Measures how two pairs move relative to each other. The number ranges from -100 to +100.
- +100 = the pairs move exactly the same way
- 0 = no link between the pairs
- -100 = the pairs do exactly the opposite
Why is this important? If you buy two pairs correlated at +90, it's like taking the same trade twice. Your risk doubles without you even realizing it. forex correlation chart This helps you avoid that mistake. According to Investopedia, It is an essential tool in finance.
Positive correlation (+80 to +100)
Blue in the painting. The two pairs are moving up and down together. EUR/USD and GBP/USD = +93. Danger: 2 trades = same risk x2.
Negative Correlation (-80 to -100)
Red in the table. When one rises, the other falls. EUR/USD and USD/CHF = -87. Perfect for hedging.
Weak correlation (-30 to +30)
Grey in the painting. The pairs move independently. Ideal for diversification. Your risk is truly spread.
LATEST ARTICLES
MetaTrader 4 vs MetaTrader 5: The Complete Comparison 2026
BEST BROKERS
The Different Types of Forex Correlations
Why do some pairs move together? There are 3 main reasons. Discover them to make the most of your forex correlation chart.
1. Same Motto = Same Direction
It's simple: if two pairs share a currency, they often move together. Look at the forex correlation chart. EUR/USD and GBP/USD both have +93. Why? They share the US Dollar.
When the Dollar falls, both rise.
- EUR/USD and GBP/USD (+93) Same currency USD
- AUD/USD and NZD/USD (+97) USD + related economies
- EUR/JPY and GBP/JPY (+92) Same currency JPY
2. Neighboring Economies = Strong Correlation
Australia and New Zealand are neighbors. Their economies are linked. The result? AUD and NZD almost always move together. forex correlation chart watch +97!
- AUD/USD and NZD/USD (+97) Neighbors, same exports
- EUR/USD and EUR/GBP Europe = linked economies
- USD/CAD and oil Canada exports oil
3. Inverse Correlations = Hedging
Some pairs do the opposite of each other. This is perfect for hedging! Are you long EUR/USD? Open USD/CHF to hedge. forex correlation chart watch -87.
- EUR/USD and USD/CHF (-87) Strong inverse
- GBP/USD and USD/CAD (-96) Almost perfect
- GBP/USD and USD/CHF (-96) Ideal hedging
Warning: Correlations Change!
A forex correlation A rate of +90 can become +50 in a few months. Why? Central banks change their rates. The economy evolves. Consult the... forex correlation chart regularly !
How to Read the Forex Correlation Chart
It's easy! Find your two pairs. Look where they intersect. The number tells you everything. Here's the color code:
Color Code of the Table
3 Simple Rules
- Dark blue = Danger! These pairs move together. 2 trades = double the risk.
- Dark red = Hedging. These pairs do the opposite. Perfect for protection.
- Grey = Diversification. These pairs are independent. Ideal for spreading the risk.
Golden rule : Avoid 2 trades on pairs at +70 or more!
The Costly Mistake
You buy EUR/USD. Risk: 2%. Then you buy GBP/USD. Risk: 2%.
Are you thinking of risking 2% + 2% = 4% distributed? Fake !
Le forex correlation chart Watch +93. These pairs move together. Your real risk: 4% on the same movement. If the dollar rises, you lose twice.
Forex Correlation Chart - 28 Currency Pairs
Here is our forex correlation chart complete with the currency pair correlations the most traded. Use this table for your correlation trading daily.
| Forex Pair | EUR/USD | AUD/USD | GBP/USD | EUR/CAD | AUD/CAD | GBP/CAD | EUR/GBP | NZD/USD | NZD/CAD | AUD/NZD | CHF/JPY | AUD/JPY | EUR/NZD | EUR/JPY | AUD/CHF | GBP/NZD | GBP/JPY | NZD/JPY | USD/CAD | EUR/AUD | NZD/CHF | EUR/CHF | GBP/AUD | GBP/CHF | CAD/JPY | USD/JPY | CAD/CHF | USD/CHF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EUR/USD | 100 | 80 | 93 | 56 | 46 | 92 | -37 | 85 | 38 | 44 | 54 | 74 | -8 | 75 | 26 | 14 | 68 | 76 | -84 | -27 | 11 | 13 | -6 | 65 | 34 | -51 | -57 | -87 |
| AUD/USD | 80 | 100 | 68 | 49 | 85 | 74 | -14 | 97 | 73 | 76 | 18 | 91 | -61 | 43 | 74 | -34 | 35 | 84 | -63 | -79 | 56 | 38 | -59 | 67 | 16 | -65 | -33 | -57 |
| GBP/USD | 93 | 68 | 100 | 56 | 46 | 87 | -69 | 70 | 38 | 30 | 72 | 67 | -17 | 79 | 35 | 42 | 85 | 69 | -96 | -15 | -15 | -19 | 19 | 65 | 60 | -34 | -50 | -96 |
| EUR/CAD | 56 | 49 | 56 | 100 | 63 | 61 | 49 | 63 | 80 | 30 | -2 | 47 | -34 | 30 | 59 | -50 | 24 | 51 | -2 | -38 | 54 | 67 | -54 | 24 | -39 | -46 | -55 | -19 |
| AUD/CAD | 46 | 85 | 46 | 63 | 100 | 74 | -40 | 80 | 95 | 70 | -22 | 74 | -81 | 9 | 99 | -74 | 11 | 66 | -12 | -90 | 83 | 66 | -90 | 42 | -42 | -60 | -22 | -10 |
| GBP/CAD | 92 | 74 | 87 | 61 | 74 | 100 | -67 | 73 | 94 | 44 | 61 | 75 | -67 | 92 | 60 | 11 | 87 | 78 | -71 | -26 | 55 | -35 | 83 | 5 | -34 | -73 | -84 | - |
| EUR/GBP | -37 | -14 | -69 | 49 | -40 | -67 | 100 | -12 | -74 | -48 | -25 | -14 | -32 | -74 | -51 | -40 | -23 | -76 | 76 | -80 | -15 | -26 | 56 | 72 | -58 | -36 | -83 | -14 |
| NZD/USD | 85 | 97 | 70 | 63 | 80 | 73 | -12 | 100 | 77 | 75 | 18 | 85 | -60 | 45 | 69 | -35 | 29 | 95 | -65 | -70 | 57 | 41 | -52 | 70 | 0 | -69 | -34 | -59 |
| NZD/CAD | 38 | 73 | 38 | 80 | 95 | 94 | -74 | 77 | 100 | 39 | -34 | 48 | -83 | 9 | 75 | -84 | 0 | 44 | -23 | -79 | 90 | 76 | -88 | 37 | -54 | -60 | -18 | 2 |
| AUD/NZD | 44 | 76 | 30 | 30 | 70 | 44 | -48 | 75 | 39 | 100 | -14 | 77 | -41 | 15 | 77 | -21 | 25 | 63 | -37 | -77 | 33 | 17 | -57 | 38 | -20 | -35 | -20 | -34 |
| CHF/JPY | 54 | 18 | 72 | -2 | -22 | 61 | -25 | 18 | -34 | -14 | 100 | 34 | 78 | 97 | -4 | 47 | 39 | 55 | -68 | -26 | -61 | -62 | 55 | 14 | 90 | 36 | -62 | -81 |
| AUD/JPY | 74 | 91 | 67 | 47 | 74 | 75 | -14 | 85 | 48 | 77 | 34 | 100 | -49 | 60 | 74 | -19 | 65 | 95 | -69 | -71 | 40 | 22 | -58 | 61 | 29 | -27 | -39 | -58 |
| EUR/NZD | -8 | -61 | -17 | -34 | -81 | -67 | -32 | -60 | -83 | -41 | 78 | -49 | 100 | 27 | -90 | 86 | -84 | -68 | 1 | 90 | -28 | -34 | 50 | 51 | -21 | -21 | - | - |
| EUR/JPY | 75 | 43 | 79 | 30 | 9 | 92 | -74 | 45 | 9 | 15 | 97 | 60 | 27 | 100 | -13 | 47 | 92 | 73 | -69 | -7 | -28 | -19 | 29 | 41 | 76 | 19 | -61 | -79 |
| AUD/CHF | 26 | 74 | 35 | 59 | 99 | 60 | -51 | 69 | 75 | 77 | -4 | 74 | -90 | -13 | 100 | -84 | -29 | 52 | -1 | -93 | 94 | 76 | -95 | 48 | -51 | -58 | 15 | 14 |
| GBP/NZD | 14 | -34 | 42 | -50 | -74 | 11 | -40 | -35 | -84 | -21 | 47 | -19 | 86 | 47 | -84 | 100 | -16 | -44 | 70 | -93 | -79 | -92 | -58 | 0 | 44 | -24 | -52 | - |
| GBP/JPY | 68 | 35 | 85 | 24 | 11 | 87 | -23 | 29 | 0 | 25 | 39 | 65 | -84 | 92 | -29 | -16 | 100 | 61 | -82 | 14 | -46 | -46 | 48 | 43 | 90 | 21 | -50 | -86 |
| NZD/JPY | 76 | 84 | 69 | 51 | 66 | 78 | -76 | 95 | 44 | 63 | 55 | 95 | -68 | 73 | 52 | -44 | 61 | 100 | -63 | -58 | 38 | 21 | -36 | 62 | 36 | -20 | -42 | -60 |
| USD/CAD | -84 | -63 | -96 | -2 | -12 | -71 | 76 | -65 | -23 | -37 | -68 | -69 | 1 | -69 | -1 | 70 | -82 | -63 | 100 | 15 | 16 | 27 | -22 | -64 | -66 | 33 | 31 | 91 |
| EUR/AUD | -27 | -79 | -15 | -38 | -90 | -26 | -80 | -70 | -79 | -77 | -26 | -71 | 90 | -7 | -93 | 93 | 14 | -58 | 15 | 100 | -79 | -42 | 89 | -42 | -33 | 53 | -52 | - |
| NZD/CHF | 11 | 56 | -15 | 54 | 83 | 55 | -15 | 57 | 90 | 33 | -61 | 40 | -28 | -28 | 94 | -79 | -46 | 38 | 16 | -79 | 100 | 86 | -91 | 41 | -64 | -55 | 28 | 33 |
| EUR/CHF | 13 | 38 | -19 | 67 | 66 | -35 | -26 | 41 | 76 | 17 | -62 | 22 | -34 | -19 | 76 | -92 | -46 | 21 | 27 | -42 | 86 | 100 | -72 | 38 | -47 | -47 | 24 | 38 |
| GBP/AUD | -6 | -59 | 19 | -54 | -90 | 83 | 56 | -52 | -88 | -57 | 55 | -58 | 50 | 29 | -95 | 93 | 48 | -36 | -22 | 89 | -91 | -72 | 100 | -19 | 65 | 50 | -11 | -30 |
| GBP/CHF | 65 | 67 | 65 | 24 | 42 | 5 | 72 | 70 | 37 | 38 | 14 | 61 | 51 | 41 | 48 | 0 | 43 | 62 | -64 | -42 | 41 | 38 | -19 | 100 | 23 | -43 | 14 | -40 |
| CAD/JPY | 34 | 16 | 60 | -39 | -42 | -34 | -58 | 0 | -54 | -20 | 90 | 29 | -21 | 76 | -51 | 44 | 90 | 36 | -66 | -33 | -64 | -47 | 65 | 23 | 100 | 50 | -23 | -64 |
| USD/JPY | -51 | -65 | -34 | -46 | -60 | -73 | -36 | -69 | -60 | -35 | 36 | -27 | -21 | 19 | -58 | -24 | 21 | -20 | 33 | 53 | -55 | -47 | 50 | -43 | 50 | 100 | 52 | 4 |
| CAD/CHF | -57 | -33 | -50 | -55 | -22 | -84 | -83 | -34 | -18 | -20 | -62 | -39 | - | -61 | 15 | -52 | -50 | -42 | 31 | -52 | 28 | 24 | -11 | 14 | -23 | 52 | 100 | 56 |
| USD/CHF | -87 | -57 | -96 | -19 | -10 | - | -14 | -59 | 2 | -34 | -81 | -58 | - | -79 | 14 | - | -86 | -60 | 91 | - | 33 | 38 | -30 | -40 | -64 | 4 | 56 | 100 |
This forex correlation chart is updated regularly. The values of forex correlation Prices may vary depending on market conditions. Check it before each session. correlation trading to optimize your currency pair correlations.
How to Read this Forex Correlation Chart
To use this forex correlation chart, Find your two pairs in the headers and read the value at the intersection. A value close to +100 means that the currency pair correlations are very strong positively. Use this data for your correlation trading and avoid excessive risk.
Most Important Forex Correlations
Here are the currency pair correlations essential things to know for your correlation trading. This data is extracted from our forex correlation chart above.
Strong Positive Forex Correlations (+80 and above)
- EUR/USD and GBP/USD (+93) Share USD as counterparty
- AUD/USD and NZD/USD (+97) Neighboring economies closely linked
- AUD/CAD and AUD/CHF (+99) : Share AUD as base currency
- EUR/JPY and CHF/JPY (+97) Share JPY as counterparty
Negative Forex Correlations (Hedging)
- EUR/USD and USD/CHF (-87) Perfect for the cover
- GBP/USD and USD/CAD (-96) : Near-perfect inverse correlation
- GBP/USD and USD/CHF (-96) Excellent for hedging
- AUD/CHF and GBP/AUD (-95) : Completely opposite direction
These currency pair correlations are essential for any trader using the forex correlation chart. Mastering these relationships allows you to optimize your correlation trading and reduce your exposure to risk. Check our regularly. forex correlation chart because the forex correlations evolve over time.
3 Simple Strategies Using Correlations
Here's how to use the forex correlation chart In practical terms. These strategies are used by professionals.
Strategy 1: Hedging
Are you long EUR/USD but worried? Also open USD/CHF. Correlation: -87. If EUR/USD falls, USD/CHF rises. You limit your losses.
Strategy 2: True Diversification
Do you want 3 different trades? Choose pairs between -30 and +30 in the forex correlation chart. They move independently. Your risk is truly spread.
Strategy 3: Divergence Trading
AUD/USD and NZD/USD are at +97. They move together. Normally. But sometimes AUD rises and NZD stays stable. That's an opportunity! NZD will probably catch up.
Consult the forex correlation chart before each trade. It's quick and it can save your account.
Frequently Asked Questions
What correlation is needed for diversification?
Aim between -30 and +30. Example: EUR/USD and AUD/NZD are at +44. This is better than EUR/USD and GBP/USD at +93.
Do the correlations change?
Yes ! A correlation of +90 can become +50. Check the forex correlation chart every week.
How to hedge effectively?
Look for pairs at -70 or less. EUR/USD and USD/CHF (-87) = perfect.
Articles and Tools Related to the Forex Correlation Chart
To complete your analysis with the forex correlation chart, Discover our other tools correlation trading :
- Forex Lot Calculator - Optimize your positions with the forex correlations
- Risk/reward calculator - Manage the risk of your currency pair correlations
- Comparison of the Best Brokers 2026 Trade with the best spreads
Warning : Trading involves risk of capital loss. 74-89% retail accounts lose money with CFDs. Correlations change over time and do not guarantee future performance.