{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-zar-more-downside-in-view\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-zar-more-downside-in-view\/","headline":"USD\/ZAR More Downside In View!","name":"USD\/ZAR More Downside In View!","description":"USD\/ZAR bounced back in the short term being located at the 14.2700 level. Still, the rebound could be only a temporary one as the outlook is bearish. The pair has escaped from a continuation pattern, that\u2019s why USD\/ZAR may resume its downside movement. You should know that the price has rebounded in the short term […]","datePublished":"2021-04-20","dateModified":"2021-04-20","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/usdzar.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/usdzar.png","height":898,"width":1828},"url":"https:\/\/forexschoolonline.com\/usd-zar-more-downside-in-view\/","about":["Trade Idea","Trade Setups","USD\/ZAR"],"wordCount":171,"keywords":["Technical Analysis","usd\/zar"],"articleBody":"USD\/ZAR bounced back in the short term being located at the 14.2700 level. Still, the rebound could be only a temporary one as the outlook is bearish.The pair has escaped from a continuation pattern, that\u2019s why USD\/ZAR may resume its downside movement. You should know that the price has rebounded in the short term only because the USDX increased a little.Technical Analysis!USD\/ZAR dropped from a major range, so the outlook remains bearish. It moves sideways right below the weekly pivot (14.3710). Dropping again below the descending pitchfork\u2019s median line (ML) and registering a new lower low could validate more declines.Stabilizing under the median line (ML) could bring a new selling opportunity. Technically, the pair could come higher to test and retest the weekly pivot and the immediate downtrend line before dropping again. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}