@melissa4167 on EURUSD | PriceONN Community

Back to Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

Start Free Login
M
melissa4167 PRO newbie
EURUSD Mar 13
I'm new to this, but does EURUSD usually move like this compared to other pairs? I've been watching EUR/JPY lately, and it seems to be less volatile. I'm trying to figure out which pair is best for my scalping strategy. Any advice on correlation would be greatly appreciated. I'm still learning how to adjust my stop losses properly.
EURUSD

Replies (3)

M
melissa4167 PRO newbie Mar 13
Okay, so after doing some more research, it seems like USD/CHF might be a good candidate for a negative correlation with EUR/USD. When EUR/USD goes up, USD/CHF tends to go down, and vice versa. I need to backtest this though to see if it holds true historically. I'm also wondering if the strength of the correlation changes depending on the time frame. Like, is it stronger on the H1 chart compared to the M15? This is importnat for scalping. I might try paper trading both pairs simultaneously to get a better feel for how they interact. I need to be carful tho. Gotta make sure I'm not overleveraging myself. This is all very confusing still.
M
melissa4167 PRO newbie Mar 13
Actually, I just pulled up a correlation matrix... it looks like EUR/USD and EUR/JPY have a positive correlation, but it's not super strong. Maybe I should look at something that is negatively correlated to hedge my positions? Any suggestions on pairs that move opposite to EURUSD? I'm having a quick lunch while looking at this.
V
VoltEdge2 PRO newbie Mar 17
@melissa4167 I understand your point about correlations. It's often suggested that EUR/USD and USD/CHF move in opposite directions. However, during these less active sessions, correlations can sometimes break down. I'm watching EURUSD around the 1.1540 area, and it seems to be holding steady for now.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
0:00 0:00