Skip to content
  • Home
  • Forex News
    • EURUSD
    • GBPUSD
    • GBPJPY
    • USDTRY
  • Crypto
    • Bitcoin
    • Ethereum
    • Bitcoin Cash
    • Litecoin
  • Metals
    • Gold
    • Silver
    • Copper
    • Platinum
  • Energy
    • Crude Oil
    • Brent
    • Natural Gas
    • Gasoline
  • Equity Indices
    • Russell 2000
    • S&P 500
    • FTSE 100
    • Nikkei 225
  • Mega Cap US Stocks
  • Charts
  • About+
    • Contact
    • Contributors
    • Our Mission: Help Traders Make Better Decisions
    • Widgets for Crypto, Stock Indices, and More

ZARJPY

(Last Updated January 23, 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
Japan BoJ Monetary Policy Meeting Minutes NA Japanese Yen JPY 2021-01-25 23:50 GMT

The Trend

As for trends on ZARJPY, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer 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 20 are bullish, implying a upward trend, aside from a fall about 3 weeks prior.

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 USDZAR. USDZAR is the asset with which ZARJPY has been most correlated with over the past two weeks as well, so this may be a recurring pattern. On the flip side, GBPNZD has been the asset least correlated with ZARJPY — but over the past two weeks, EURNZD has been the asset least correlated with ZARJPY. The chart below illustrates ZARJPY against its least correlated assets.

.

The View From the Weekly Timeframe

Currently, ZARJPY’s rate is up 10.55 pips (1.55%) from the week prior. Moreover, note that this is the 2nd week in a row ZARJPY has seen its price head up. Regarding the trend, note that the strongest trend 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

Monthly trend: strongest on the 60 month timeframe.

ZAR/JPY 2 Day Down Streak Ended, Crosses 200 Day Moving Average; in a Downtrend Over Past 30 Days

Categories Forex News Tags ZARJPY
February 13, 2020

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 Up 0 Pips, Crosses 200 Day Moving Average; in a Downtrend Over Past 30 Days

Categories Forex News Tags ZARJPY
February 12, 2020

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.

ZAR/JPY Tops All Forex, 3 Day Up Streak Broken; But Still in a Downtrend Over Past 30 Days

Categories Forex News Tags ZARJPY
February 11, 2020

The closest is the 200 day average, which is 0 pips away.

ZAR/JPY Outperforms All Forex, Up 5 Pips; But Still in a Downtrend Over Past 30 Days

Categories Forex News Tags ZARJPY
February 10, 2020

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.

Post navigation
Newer posts
← Previous 1 … 3 4
+ More
© 2021 CFDTrading

747 Third Avenue
New York, NY 10017 USA

Brokers and Publishers: Advertise | Widgets

Follow on social media: Facebook | Twitter | LinkedIn

Scroll back to top