Monthly chart. Breakdown is obvious and confirmed. Thin CPR predicts massive volatility and it is rather clear - to the downside. Using DM projection we should end at yearly S3. DM bullish projection does not provide any space for any volatile move even if we would make a bullish breakout (all DM qualifiers missing).
Top Absolute Correlation 1 month
1 EURJPY - SGDJPY 89.5%
2 EURJPY - EURSGD 86.1%
3 EURJPY - EURCHF 82.1%
4 EURJPY - CADJPY 81.3%
5 EURJPY - EURUSD 78.7%
6 EURJPY - USDPLN -77.8%
7 EURJPY - CHFJPY 76.4%
8 EURJPY - USDCZK -75.9%
9 EURJPY - NOKJPY 74.1%
10 EURJPY - XAGEUR -70.8%
Top Absolute Correlation 1 week
1 EURJPY - SEKJPY 84.7%
2 EURJPY - USDCNH -80.4%
3 EURJPY - SGDJPY 78.1%
4 EURJPY - NZDJPY 77.2%
5 EURJPY - NZDCAD 72.4%
6 EURJPY - HK50.n 68.3%
7 EURJPY - HK50 68.0%
8 EURJPY - GBPJPY 68.0%
9 EURJPY - AUDJPY 67.8%
10 EURJPY - GBPCHF 66.7%
Top Absolute Correlation 1 month
1 EURJPY - SGDJPY 89.5%
2 EURJPY - EURSGD 86.1%
3 EURJPY - EURCHF 82.1%
4 EURJPY - CADJPY 81.3%
5 EURJPY - EURUSD 78.7%
6 EURJPY - USDPLN -77.8%
7 EURJPY - CHFJPY 76.4%
8 EURJPY - USDCZK -75.9%
9 EURJPY - NOKJPY 74.1%
10 EURJPY - XAGEUR -70.8%
Top Absolute Correlation 1 week
1 EURJPY - SEKJPY 84.7%
2 EURJPY - USDCNH -80.4%
3 EURJPY - SGDJPY 78.1%
4 EURJPY - NZDJPY 77.2%
5 EURJPY - NZDCAD 72.4%
6 EURJPY - HK50.n 68.3%
7 EURJPY - HK50 68.0%
8 EURJPY - GBPJPY 68.0%
9 EURJPY - AUDJPY 67.8%
10 EURJPY - GBPCHF 66.7%
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.