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Does Commodity Channel Index Agree on EURCAD and M6E? (5-minute Charts)
Educational reference. Measured from recorded market data through September 4, 2026. Not a forecast.
Commodity Channel Index measures how far price has moved from its own recent average. This page asks a narrower question than the price comparison: when Commodity Channel Index moves on Euro / Canadian Dollar, does it move the same way on Micro Euro FX?
| Bars where Commodity Channel Index moved on both | 5,383 |
|---|---|
| … and moved the same direction | 3,232 (60.0%) |
| Price correlation, same period | +0.661 |
Commodity Channel Index disagrees more than price does. Prices correlate at +0.661, which would suggest agreement near 73%. Commodity Channel Index manages 60.0%. The two markets move together while this reading does not — the gap is where a divergence setup would show up.
Why this is not the same as the price question
Two markets can move together while their momentum, trend strength or volatility do not. A reading that agrees far less than price suggests is exactly where one market is losing steam while the other keeps going — and a reading that agrees more is tracking something shared that direction alone does not capture.
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