The bullish breakout was missing some qualifiers. So it failed to reach projected target. Right now we at weekly top price, at same time it might be test of the previous high (LH). The bearish breakdown´s qualifiers OK. The projected target (yearly PP) should be reached in the long run. Weekly CPR suggests volatility for the current week.
Current move is likely to end at Cam S5 - coincides with last month S1, monthly CPR. Price is moving to test missed monthly CPR (expect a bounce there).
This thing correlates with GBPAUD.
This is no financial advise.
Top Absolute Correlation
1 EURNZD - NZDCHF -97.3%
2 EURNZD - GBPNZD 89.0%
3 EURNZD - NZDUSD -88.7%
4 EURNZD - GBPAUD 85.7%
5 EURNZD - NZDJPY -85.5%
6 EURNZD - AUDJPY -84.0%
7 EURNZD - UK100 -83.7%
8 EURNZD - CHFSGD 81.0%
Current move is likely to end at Cam S5 - coincides with last month S1, monthly CPR. Price is moving to test missed monthly CPR (expect a bounce there).
This thing correlates with GBPAUD.
This is no financial advise.
Top Absolute Correlation
1 EURNZD - NZDCHF -97.3%
2 EURNZD - GBPNZD 89.0%
3 EURNZD - NZDUSD -88.7%
4 EURNZD - GBPAUD 85.7%
5 EURNZD - NZDJPY -85.5%
6 EURNZD - AUDJPY -84.0%
7 EURNZD - UK100 -83.7%
8 EURNZD - CHFSGD 81.0%
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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.