ZAR/JPY 4 Hour Price Update
Updated March 27, 2020 09:07 PM GMT (05:07 PM EST)
A moment of silence, please, for the end of ZAR/JPY’s 5 four-hour candle down streak; price ended the previous 4 hours up 4 pips (0.65%) to finish the four-hour candle at a rate of 6.3057. Compared to its peers in the Forex, ZAR/JPY gave its buyers a return that ranked 5th in terms of percentage change since the previous 4 hours.
ZAR/JPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
ZAR/JPY entered today at 6.301287707097, up 0 pips (0.04%) from the previous day. Out of the 40 instruments in the Forex asset class, ZAR/JPY ended up ranking 19th for the day in terms of price change. The price chart of ZAR/JPY below illustrates.
ZAR/JPY Technical Analysis
Notably, ZAR/JPY is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 13.2 pips away. 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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 14 days ZAR/JPY’s price has gone up 8 them.