ZAR/JPY Fares the Worst Out of Forex; Heads Down For the 4th Day In A Row
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.
ZARJPY
(Last Updated March 1, 2021)
Welcome to the news page for ZARJPY (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 |
|---|---|---|---|---|---|---|---|
| South Africa Total New Vehicle Sales | Feb 2021 | South African Rand | ZAR | 2021-03-01 | 13:00 GMT | ||
| Japan Jobs/applications ratio | Jan 2021 | Japanese Yen | JPY | 2021-03-01 | 23:30 GMT | 1.06 | |
| Japan Unemployment Rate | Jan 2021 | Japanese Yen | JPY | 2021-03-01 | 23:30 GMT | 3% | |
| Japan Capital Spending YoY | Q4 2020 | Japanese Yen | JPY | 2021-03-01 | 23:50 GMT | ||
| Japan Jibun Bank Services PMI Final | Feb 2021 | Japanese Yen | JPY | 2021-03-03 | 00:30 GMT |
The Trend
If we observe the 90 and 30 day timeframes, we see an uptrend in place for ZARJPY.
ZARJPY Moving Averages
ZARJPY’s moving averages suggest the trend on a number of time horizons is bullish.
The chart below illustrates.
Regarding ZARJPY’s correlations over the past 7 days, it has been most correlated with USDMXN. If we zoom out to a two week basis, though, the asset showing the strongest correlation to ZARJPY is USDZAR. On the flip side, NZDJPY has been the asset least correlated with ZARJPY — but if we observe the prior two weeks, EURCHF has been the asset least correlated with ZARJPY. The chart below illustrates ZARJPY against its least correlated assets.
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The View From the Weekly Timeframe
At the moment, ZARJPY’s rate is down -13.89 pips (-1.93%) from the week prior. Moreover, note that the weekly chart shows that ZARJPY has seen 2 straight down weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 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. ZARJPY’s weekly price action over the past 52 weeks can be seen via the chart below.
ZARJPY: The Monthly View
Strongest trend on the 24 month timeframe.
ZAR/JPY Fares the Worst Out of Forex; Moves Down For the 4th Day In A Row
The closest is the 20 day average, which is 24.8 pips away.
ZAR/JPY Heads Down For the 3rd Day In A Row, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
The closest is the 20 day average, which is 13.1 pips away.
ZAR/JPY Makes Big Move Relative to Two Week Trend; Moves Down For the 2nd Day In A Row
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.
ZAR/JPY Underperforms All Forex, Makes Big Move Relative to Two Week Trend; Down 11 Pips
It should be noted, though, the 50 day simple moving average turned downwards, which may be a bearish sign.
ZAR/JPY Makes Big Move Relative to Two Week Trend, Up 2 Pips; Pin Bar Pattern Appearing on Chart
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.
ZAR/JPY Makes Big Move Relative to Two Week Trend, Up 9 Pips; Crosses 20 and 200 Day Moving Averages
The closest is the 100 day average, which is 1.3 pips away.
ZAR/JPY 3 Day Up Streak Snapped; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 10 days zar/jpy’s price has gone up 5 them.
ZAR/JPY Down 3 Pips; Price Base in Formation Over Past 14 and 90 Days
The closest is the 200 day average, which is 7.4 pips away.
ZAR/JPY Up 1 Pips, in a Downtrend Over Past 30 Days; Price Base in Formation Over Past 90 Days
This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 20.98% from the day before — and down 23.65% from the same day the week before.