ZAR/JPY Up 7 Pips in Last 4 Hours, Entered Today Up For the 3rd Day In A Row; in a Downtrend Over Past 90 Days

ZAR/JPY 4 Hour Price Update

Updated April 07, 2020 01:04 AM GMT (09:04 PM EST)

ZAR/JPY is up 7 pips (1.22%) since the previous 4 hours (opening the current 4 hour candle near 5.8719), marking the 3rd candle in a row an upward move has occurred. On a relative basis, the previous 4 hours were pretty good: ZAR/JPY bested all 40 of the assets in the Forex class 🙂

ZAR/JPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

ZAR/JPY is up 2 pips (0.37%) since yesterday (opening today near 5.85290412501), marking the 3rd day in a row it has gone up. Compared to its peers in the Forex, ZAR/JPY gave its buyers a return that ranked 4th in terms of percentage change since yesterday. Here is a price chart of ZAR/JPY.

ZAR/JPY Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 15 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.