Currency Correlation Matrix

10 major pairs, color-coded by correlation strength.

Sample data based on 30-day rolling correlation. Values range from -1 (perfect inverse) to +1 (perfect positive).

	EURUSD	GBPUSD	USDJPY	AUDUSD	USDCAD	EURGBP	EURJPY	GBPJPY	XAUUSD	BTCUSD
EURUSD	1.00	0.85	-0.65	0.72	-0.68	0.42	0.78	0.62	0.55	0.20
GBPUSD	0.85	1.00	-0.55	0.68	-0.58	-0.15	0.72	0.78	0.50	0.18
USDJPY	-0.65	-0.55	1.00	-0.60	0.55	-0.30	-0.05	0.30	-0.35	-0.10
AUDUSD	0.72	0.68	-0.60	1.00	-0.75	0.25	0.55	0.48	0.60	0.25
USDCAD	-0.68	-0.58	0.55	-0.75	1.00	-0.30	-0.50	-0.42	-0.55	-0.20
EURGBP	0.42	-0.15	-0.30	0.25	-0.30	1.00	0.35	0.10	0.20	0.05
EURJPY	0.78	0.72	-0.05	0.55	-0.50	0.35	1.00	0.92	0.45	0.15
GBPJPY	0.62	0.78	0.30	0.48	-0.42	0.10	0.92	1.00	0.38	0.12
XAUUSD	0.55	0.50	-0.35	0.60	-0.55	0.20	0.45	0.38	1.00	0.35
BTCUSD	0.20	0.18	-0.10	0.25	-0.20	0.05	0.15	0.12	0.35	1.00

Strong Positive (0.7+)

Moderate Positive (0.3-0.7)

Neutral (-0.3 to 0.3)

Moderate Negative (-0.7 to -0.3)

Strong Negative (-0.7 or below)

How to Use Correlation in Trading

Avoid doubling risk: Trading EUR/USD and GBP/USD long simultaneously is essentially the same bet twice due to their 0.85 correlation.
Hedge positions: A strongly negative correlation pair (EUR/USD and USD/CAD at -0.68) can offset risk when traded in the same direction.
Diversify signals: Choose uncorrelated pairs for independent signals to improve portfolio risk-adjusted returns.

EUR/JPY + GBP/JPY (0.92): Extremely correlated. Never trade both as independent bets.
AUD/USD + USD/CAD (-0.75): Strong inverse. Good hedging pair.
BTC/USD: Low correlation with forex pairs, making it a true diversifier.

The /v1/heatmap endpoint provides real-time cross-pair analysis.

api

GET /v1/heatmap