ZAR/JPY Price Recap
6.3099 (USD) was the opening price of the day for ZAR/JPY, resulting in yesterday being a day in which price moved down 16 pips 2.44% from the day prior. This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 26.77% from the day before — and down 35.73% from the same day the week before. Relative to other instruments in the Forex asset class, ZAR/JPY ranked 31st yesterday in terms of percentage price change. Here is a price chart of ZAR/JPY.
ZAR/JPY Technical Analysis
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. The closest is the 20 day average, which is 51.1 pips away. 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. Or to simplify this another way, note that out of the past 10 days ZAR/JPY’s price has gone down 7 them.