ZAR/JPY Underperforms All Forex, Down 25 Pips; in a Downtrend Over Past 14 Days

ZAR/JPY Price Recap

6.791 (USD) was the opening price of the day for ZAR/JPY, resulting in yesterday being a day in which price moved down 25 pips 3.59% from the day prior. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 0.78% from the day prior, and up 9.17% from the same day the week before. Those trading within the Forex asset class should know that ZAR/JPY was the worst performer in the class. Visually, we could say…

via GIPHY

Anyway, without further ado, 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 43.1 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 19 out of the past 30 days.