1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

NZDJPY Follows The Equities As Risk On/Off Indicator

Discussion in 'Technical Analysis' started by Kaitlin, Apr 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Joined:
    Aug 29, 2015
    Messages:
    5,799
    Likes Received:
    0
    NZDJPY is one of the pairs pair that has a strong correlation to equities. Nikkei and DAX are +92/90 correlated to NZDJPY and that is extremely high correlation, so they are moving in the same direction. Most important Yen crosses USDJPY, AUDJPY, NZDJPY) are an excellent Risk ON/OFF indicator.[​IMG]

    Continue reading...
     

Share This Page