You c<metatrader 4 metatrader 5 difference href="https://www.cheapjerseyssuperrebate.com/tag/open-exness-account">open exness accountn use correlations to trade currencies. However, they should be updated periodically. One way to keep your correlations current is to use a software program that calculates the correlations for you. Such software allows you to calculate correlations with a large number of inputs quickly and easily.
A currency s correlation with another currency can indicate a shift in the underlying market. For example, a currency may be correlated with another currency for months, but suddenly start to move in a different direction. The reason for the sudden change may be a rise in oil prices or a decline in the price of oil. Other factors can also influence a currency s correlation, such as the hawkishness of the Bank of Canada.