ZAR/JPY Up 7 Pips Over Past 4 Hours, Entered Today Up For the 3rd Day In A Row; in a Downtrend Over Past 14 Days
For additional context, note that price has gone up 15 out of the past 30 days.
ZARJPY
(Last Updated April 15, 2021)
Hello! This is the news page for ZARJPY. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for ZARJPY
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Japan BoJ Gov Kuroda Speech | NA | Japanese Yen | JPY | 2021-04-15 | 01:00 GMT | ||
| Japan Reuters Tankan Index | Apr 2021 | Japanese Yen | JPY | 2021-04-15 | 23:00 GMT | ||
| Japan Exports YoY | Mar 2021 | Japanese Yen | JPY | 2021-04-18 | 23:50 GMT | ||
| Japan Balance of Trade | Mar 2021 | Japanese Yen | JPY | 2021-04-18 | 23:50 GMT |
The Trend
On ZARJPY, there is currently an uptrend on the 90, 30 and 14 day timeframes.
ZARJPY Moving Averages
The moving averages on ZARJPY indicate a trend that is clearly bullish.
Below is a chart showing ZARJPY’s price with its moving averages.
As for assets in the Forex asset class ZARJPY has been correlated to over the past week, it has demonstrated the strongest correlation with AUDCHF. Over the past 14 days, however, the asset showing the strongest correlation to ZARJPY is TRYJPY. Alternatively, NZDUSD has been the asset least correlated with ZARJPY — but over the past two weeks, USDHKD has been the asset least correlated with ZARJPY. 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 5.56 pips (0.74%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. As for the trend on the weekly timeframe, we see the clearest trend on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows ZARJPY’s price action over the past year.
ZARJPY: The Monthly View
Monthly trend: strongest on the 60 month timeframe.
ZAR/JPY Up 8 Pips Over Past 4 Hours, 2 Day Down Streak Broken; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, zar/jpy ranked 19th the previous day in terms of percentage price change.
ZAR/JPY Up 7 Pips in Last 4 Hours, Entered Today Up For the 3rd Day In A Row; in a Downtrend Over Past 90 Days
For additional context, note that price has gone up 15 out of the past 30 days.
ZAR/JPY Down 8 Pips On 4 Hour Chart, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 7 out of the past 14 days.
ZAR/JPY Down 2 Pips Over Past 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 7 out of the past 14 days.
ZAR/JPY Down 2 Pips Over Past 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, zar/jpy ranked 7th the day prior in terms of percentage price change.
ZAR/JPY Up 4 Pips On 4 Hour Chart; in a Downtrend Over Past 30 Days
Volatility for zar/jpy has been contracting over the past two weeks relative to volatility over the past month.
ZAR/JPY Up 7 Pips Over Past 4 Hours, Tops All Forex; But Still in a Downtrend Over Past 90 Days
Volatility for zar/jpy has been contracting over the past two weeks relative to volatility over the past month.
ZAR/JPY Down 16 Pips; in a Downtrend Over Past 90 Days
The closest is the 20 day average, which is 51.1 pips away.
ZAR/JPY Up 13 Pips; in a Downtrend Over Past 14 Days
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.