Home Forex ZAR/JPY Down 2 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; in a Downtrend Over Past 90 Days

ZAR/JPY Down 2 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; in a Downtrend Over Past 90 Days

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ZAR/JPY 4 Hour Price Update

Updated April 01, 2020 12:53 AM GMT (08:53 PM EST)

The back and forth price flow continues for ZAR/JPY, which started the current 4 hour candle off at 6.053, down 2 pips 0.36% from the previous 4 hours. Out of the 40 instruments in the Forex asset class, ZAR/JPY ended up ranking 39th for the four-hour candle in terms of price change.

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. The price chart of ZAR/JPY below illustrates.

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. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.

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