If you're happy with this continue to use our site without changing settings, or find out how to manage cookies. Both gold and the Japanese Yen are viewed as safe havens in times of uncertainty and these two are also positively correlated. We recommend to check long-term correlation to get a better perspective. What to Do with Your New Forex Correlation Understanding? If you see a sharp move in one pair of two positively correlated pairs, you can anticipate a possible move in the other. You must have noticed that the base currency in these pairs is the US dollar and that is the reason why they move in the opposite direction of the above-mentioned majors where the USD is the counter currency. This tool displays correlations for major, exotic and cross currency pairs. Non-directional arbitrage style strategy using currency correlations. All the financial instruments, including currencies move based on certain behavioral patterns, which may differ from one to another. AUD/USD and Gold (.75 examples of strong negative correlations (Yearly time frame EUR/USD and USD/CHF (-.85 uSD/CAD and AUD/USD (-.88). In this forex strategy you wait for an abnormal divergence between two highly correlated currency pairs and buy one and sell the other, with the expectation that they will converge in price movement again.