ZARJPY - Very Bearish

13 thg 2, 2020

Moving average crossovers are always interesting, so let’s start there: ZAR/JPY crossed below its 100 and 200 day moving averages yesterday. 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 100 day average, which is 3.7 pips away. Related to the moving average crossover is that ZAR/JPY may have broken its trend on the 14 day basis, as the trend’s momentum appears to be slowing down. Volatility for ZAR/JPY has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.