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 June 5, 2020)
Hello! This is the news page for ZARJPY. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
As for trends on ZARJPY, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.
ZARJPY Moving Averages
The moving averages on ZARJPY summarize its price action in an interesting way. The 20 and 50 day averages suggest a bullish trend, as they are pointing upwards, in contrast to the downward-facing 100 and 200 day averages that imply a bearish trend. This implies that the long-term trend — meaning going back over 3 months — is bearish, while the trend over the past month and a half is bullish.
The chart below illustrates.
As for correlation, Regarding ZARJPY’s correlations over the past 7 days, it has been most correlated with USDZAR. ZARJPY has been most correlated with USDZAR over the past 14 days also, so this may be a recurring pattern. Alternatively, the asset least correlated with ZARJPY over the past week has been EURCAD, but if we observe the prior two weeks, the asset least correlated with ZARJPY has been EURGBP. 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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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.