EUR/NZD Negative/Positive Correlation Pairs?

allalongthewatchtower · November 24, 2009, 2:09pm

Not sure if this is a newbie question but since I’m still a newbie…

What pairs negatively and positively correlate with EUR/NZD?

Thank you in advance for the answer/link.

allalongthewatchtower · November 26, 2009, 2:27pm

anyone???

xtraction · November 26, 2009, 2:47pm

xtraction · November 26, 2009, 2:53pm

Be careful using correlations in trading:

allalongthewatchtower · November 26, 2009, 6:09pm

Thanks for the cut and paste.

I’m sure someone “somewhere” has correlations that go beyond the major crosses. Oanda has an interesting correlation table for the majors.

I’m looking for something similar for the “exotics”.

allalongthewatchtower · November 26, 2009, 6:39pm

Thanks. That has the EUR/NZD. Yay!

xtraction · November 26, 2009, 7:02pm

How do you intend to use this information?

allalongthewatchtower · November 27, 2009, 3:53pm

To view the correlation between EUR/NZD and other pairs.

charlyher · November 27, 2009, 3:55pm

correlation trading can be effective, but I suggest you do this when you become a pro.

You did say you are a newbie. Correlation can be positive, negative along with convergence and divergence affecting it…

Therefore, you may end up losing money…