Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
This imputes a buy/sell ratio of 4, which is bullish.
Relative to other instruments in the forex asset class, usdzar ranked 10th yesterday in terms of percentage price change.
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
This is 2nd hour in a row usdzar has seen its price head down.
Relative to other instruments in the forex asset class, usdzar ranked 39th the previous day in terms of percentage price change.
This move is a reversal from the hour prior, which saw price move up.
Compared to its peers in the forex, usdzar gave its buyers a return that ranked 11th in terms of percentage change since the day prior.
For additional context, note that price has gone down 7 out of the past 10 days.
Or to simplify this another way, note that out of the past 30 days usdzar’s price has gone down 18 them.