USD/ZAR Up 282 Pips On 4 Hour Chart, 3 Day Up Streak Snapped; in an Uptrend Over Past 90 Days

USD/ZAR 4 Hour Price Update

Updated May 13, 2020 01:12 AM GMT (09:12 PM EST)

USD/ZAR is up 282 pips (0.15%) since the previous 4 hours (opening the current 4 hour candle near 18.4243), marking the 3rd candle in a row it has gone up. Compared to its peers in the Forex, USD/ZAR gave its buyers a return that ranked 9th in terms of percentage change since the previous 4 hours.

USD/ZAR End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/ZAR, which opened today priced near 18.42223, is down 268 pips 0.15% since the day prior, marking a reversal from the day prior — and the end of a 3 day positive run. Compared to its peers in the Forex, USD/ZAR gave its buyers a return that ranked 39th in terms of percentage change since the day prior. Here is a price chart of USD/ZAR.

USD/ZAR Technical Analysis

Notably, USD/ZAR is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days USD/ZAR’s price has gone up 5 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for USDZAR; just 0 sell signals and 3 buy signals. Bulls may note that this suggests a buy/sell ratio that is infinite. But, let’s take that with a grain of salt. 🙂 Here’s a piece we found on tradingview.com that we thought you might enjoy.