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TagsWhat is the list of cryptocurrency pairs with strong correlation in the forex market?
Hassan AsgharDec 27, 2021 · 3 years ago5 answersCan you provide a comprehensive list of cryptocurrency pairs that exhibit a strong correlation in the forex market? I am interested in understanding which cryptocurrency pairs tend to move in sync with each other when compared to traditional fiat currencies.
5 answers
- Sure, here's a list of cryptocurrency pairs that have shown a strong correlation in the forex market: 1. BTC/USD - Bitcoin/US Dollar 2. ETH/USD - Ethereum/US Dollar 3. XRP/USD - Ripple/US Dollar 4. BCH/USD - Bitcoin Cash/US Dollar 5. LTC/USD - Litecoin/US Dollar These pairs have been observed to move in a similar direction as major fiat currencies such as the US Dollar. However, it's important to note that correlation can change over time and may not always remain consistent.Dec 27, 2021 · 3 years ago
- Well, if you're looking for cryptocurrency pairs that have a strong correlation with traditional fiat currencies in the forex market, here are a few to consider: 1. BTC/USD - Bitcoin/US Dollar 2. ETH/USD - Ethereum/US Dollar 3. XRP/USD - Ripple/US Dollar 4. BCH/USD - Bitcoin Cash/US Dollar 5. LTC/USD - Litecoin/US Dollar These pairs have shown a tendency to move in sync with major fiat currencies, but keep in mind that correlation can vary and it's always a good idea to conduct thorough analysis before making any trading decisions.Dec 27, 2021 · 3 years ago
- According to a study conducted by BYDFi, the following cryptocurrency pairs have exhibited a strong correlation with traditional fiat currencies in the forex market: 1. BTC/USD - Bitcoin/US Dollar 2. ETH/USD - Ethereum/US Dollar 3. XRP/USD - Ripple/US Dollar 4. BCH/USD - Bitcoin Cash/US Dollar 5. LTC/USD - Litecoin/US Dollar These pairs have shown a consistent correlation with major fiat currencies, making them potential candidates for traders looking to capitalize on such trends. However, it's important to conduct your own research and analysis before making any trading decisions.Dec 27, 2021 · 3 years ago
- Looking for a list of cryptocurrency pairs that exhibit a strong correlation in the forex market? Here are a few pairs to consider: 1. BTC/USD - Bitcoin/US Dollar 2. ETH/USD - Ethereum/US Dollar 3. XRP/USD - Ripple/US Dollar 4. BCH/USD - Bitcoin Cash/US Dollar 5. LTC/USD - Litecoin/US Dollar These pairs have shown a tendency to move in sync with major fiat currencies, but remember that correlation can change over time. It's always a good idea to stay updated with the latest market trends and conduct thorough analysis before making any trading decisions.Dec 27, 2021 · 3 years ago
- When it comes to cryptocurrency pairs with a strong correlation in the forex market, you might want to keep an eye on: 1. BTC/USD - Bitcoin/US Dollar 2. ETH/USD - Ethereum/US Dollar 3. XRP/USD - Ripple/US Dollar 4. BCH/USD - Bitcoin Cash/US Dollar 5. LTC/USD - Litecoin/US Dollar These pairs have shown a tendency to move in a similar direction as major fiat currencies. However, it's important to note that correlation can vary and it's always a good idea to conduct thorough analysis before making any trading decisions.Dec 27, 2021 · 3 years ago
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