Does Commodity Channel Index Agree on GBPUSD and MGC? (5-minute Charts)
Educational reference. Measured from recorded market data through September 17, 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 British Pound / U.S. Dollar, does it move the same way on Micro Gold?
| Bars where Commodity Channel Index moved on both | 4,186 |
|---|---|
| … and moved the same direction | 2,556 (61.1%) |
| Price correlation, same period | +0.477 |
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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