Correlation

Piptaker

Having traded EUR/JPY and AUD/USD for some time now I must disagree with your chart that states that the two pairs are correlated to behave the same way. I find the exact opposite. Can you please tell me how you calculate your correlation conclusions?
Regards
Gary
Piptaker

Arnaud

EURJPY and AUDUSD were well correlated until the beginning of March this year. (On the daily chart)

Piptaker

OK fair enough, but since then? I've always been cautious about correlations anyway but Dollar up=gold down, Dow down gold up etc, has normally been a penalty kick, however EUR/JPY AUD/USD I don't believe is a reliable enough correlation, to hang your hat on, as you have proved by the chart. Yet the correlation chart is showing a different signal?

Arnaud

For the last few weeks the correlation between currencies is a bit erratic.

DEke

Arnaud I stick to shorter time frames like the 1Hour. Pretty accurate

KennedyIf

DEke true

DEke

Arnaud, is there a way I can 'freeze' the 1st column listing the currencies down the left hand side. The reason I ask this is because the width of my screen cannot accommodate the all the currencies I look at. I hope I am making myself clear?

Arnaud

DEke the change has been done 👈😎👉
have a nice week end

Arnaud

I'll see what I can do

DEke

Arnaud Man you are a star!!

KennedyIf

Arnaud. pls can you explain the green bars in the correlation page. I understand the +80, -80 and below 60. but not the green bars. I see they are well below 80 and 60 but are green. or why dont you make correlating pairs green and opposite pairs red. then below 60 amber. Dont know but just suggesting.

Arnaud

KennedyIf
Red, the correlation is high: above 75 or below -75
Yellow, the correlation is between 25 and 75 or -25 and -75
Green, the correlation is very low, between -25 and 25

KennedyIf

great, thanks

Arnaud

I just updated the correlation matrix, no more green/yellow/red but a heatmap.
The correlation matrix is also ordered, you can choose the "pivot" for the ranking. It's much more readable, you can see in one second the correlated pairs.

dlouisbriggs

When I download the correlation data to a csv file I would like that only the currency pairs that I have included on the matrix to be included in the download. Is this possible? Am I missing something?

Arnaud

dlouisbriggs that's not possible for now. I'll check if I can change that quickly

Arnaud

it's done 👍

dlouisbriggs

You are the best! Thank you.