USD/ZAR 4 Hour Price Update
Updated March 31, 2020 01:11 PM GMT (09:11 AM EST)
The back and forth price flow continues for USD/ZAR, which started the current 4 hour candle off at 17.9136, down 355 pips 0.2% from the last 4 hour candle. Out of the 40 instruments in the Forex asset class, USD/ZAR ended up ranking 21st for the four-hour candle in terms of price change.
USD/ZAR End of Day Recap
Updated 00:30 GMT (04:30 EST)
A moment of silence, please, for the end of USD/ZAR’s 4 day up streak; price ended the day prior down 36 pips (-0.02%) to finish the day at a rate of 17.9101. Out of the 40 instruments in the Forex asset class, USD/ZAR ended up ranking 27th for the day in terms of price change. Here is a price chart of USD/ZAR.
USD/ZAR Technical Analysis
Volatility for USD/ZAR has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 10 out of the past 14 days. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.
The View From Around the Web
Not much in terms quality buy/sell signals we’re seeing for USDZAR; just 2 sell signals and 3 buy signals. This imputes a buy/sell ratio of 1.5, which is bullish. Here’s a piece we found on tradingview.com that we thought you might enjoy.