This move is a reversal from the hour prior, which saw price move up.
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
This is a reversal of the price action on the previous hour, in which price moved up.
Compared to its peers in the forex, usdzar gave its buyers a return that ranked 12th in terms of percentage change since yesterday.
This imputes a buy/sell ratio of 4, which is bullish.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
For additional context, note that price has gone up 16 out of the past 30 days.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
The closest is the 20 day average, which is 1852.8 pips away.