ZAR/JPY Down 2 Pips Over Past 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

ZAR/JPY 4 Hour Price Update

Updated April 01, 2020 01:11 PM GMT (09:11 AM EST)

The choppiness in the recent four-hour candle price action of ZAR/JPY continues; to start the current 4 hour candle, it came in at a price of 6.053, down 2 pips (0.36%) since the last 4 hour candle. Compared to its peers in the Forex, ZAR/JPY gave its buyers a return that ranked 35th in terms of percentage change since the last 4 hour candle.

ZAR/JPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

ZAR/JPY is up 1 pips (0.2%) since the day prior (opening today near 6.024350321756), marking the 2nd day in a row it has gone up. Relative to other instruments in the Forex asset class, ZAR/JPY ranked 7th the day prior in terms of percentage 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 8 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.