ZARJPY

(Last Updated November 26, 2020)

Welcome to the news page for ZARJPY (ZARJPY). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

On ZARJPY, there is currently an uptrend on the 90 and 30 day timeframes.

ZARJPY Moving Averages

The moving averages on ZARJPY summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 200 are bullish, suggesting the trend is generally upward, save for a fall that occurred about 6 months ago.

The chart below illustrates.

Regarding ZARJPY’s correlations over the past 7 days, it has demonstrated the strongest correlation with AUDJPY. ZARJPY has been most correlated with AUDJPY over the past 14 days also, so this may be a structural correlation in the market. Alternatively, the asset least correlated with ZARJPY over the past week has been NZDCAD, but if we observe the prior two weeks, the asset least correlated with ZARJPY has been GBPAUD. See the chart below to observe the recent price action in ZARJPY versus those of assets it hasn’t been well correlated with.

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The View From the Weekly Timeframe

Currently, ZARJPY’s rate is up 0.1707 (2.54%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. ZARJPY’s weekly price action over the past 52 weeks can be seen via the chart below.

ZARJPY: The Monthly View

Monthly trend: strongest on the 60 month timeframe.