ZAR/JPY 4 Hour Price Update
Updated March 31, 2020 12:53 AM GMT (08:53 PM EST)
ZAR/JPY is down 2 pips (0.35%) since the last 4 hour candle (opening the current 4 hour candle near 5.991), marking the 2nd candle in a row a decrease has occurred. Out of the 40 instruments in the Forex asset class, ZAR/JPY ended up ranking 35th for the four-hour candle in terms of price change.
ZAR/JPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
The choppiness in the recent daily price action of ZAR/JPY continues; to start today, it came in at a price of 6.037152221372, up 6 pips (1.08%) since yesterday. Out of the 40 instruments in the Forex asset class, ZAR/JPY ended up ranking 2nd for the day in terms of price change. Below is a price chart of ZAR/JPY.
ZAR/JPY Technical Analysis
Volatility for ZAR/JPY 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 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 7 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.