"Bullish Head and Shoulders" is a term used in technical analysis in financial markets. It's a reversal pattern that can indicate a potential change in the direction of a price trend. The pattern consists of three peaks, with the middle peak (the "head") being higher than the two surrounding peaks (the "shoulders"). The line connecting the lows of the two...
While everyone is worried about inflation, recession, the FED, Cryptos etc.. No one is realizing that we could be heading for an emerging market currency crisis as rates in the US rise and the dollar gets stronger. Read more bout it here.
Possibility of USD drop against PKR are really high its not only due to technical where goods prices are higher to curb the food inflation and stop other type of imports but also fundamentals as need of Pakistan's support is really necessary in the region to calm the situation down in middle east and stop the intelligence outflow.
I was forced to buy more usd at the rate of 292Rs per USD. Just yesterday it was around 280PKR per USDT. The spread is wider just in 24 hours.
Just made a trade of around 87000 PKR into USDT. I bought a lot above market and have done this for an experiment lol. I think I will be selling it for a 3% loss. That's around a $9 loss.
RSI shows bearsh is oscillation. It is expected to hit 275 (support) within 40 days.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
350 likely in the near term -------------------------------------- -------------------------------------- Technical (Behavioral) factors (short term to medium term) ------------------------------------ - Consolidation period become shorten (rectangles) - Historical correction range (10 to 11%) which has been completed in the current correction phase - Tested...
Price is breaking the channel middle dotted line which leads to the bottom side of the channel where initial support lies at 277 on a weekly basis, if the price further breaks the channel then next area could be 260-239 range where Rang bound expected
In this video, I have taken into account a comprehensive technical analysis of the USDPKR exchange rate and its significant impact on inflation within Pakistan. The Price action will provide you with a detailed understanding of the factors driving this upward movement. Stay informed and make data-driven decisions in the financial markets by watching our in-depth...
USDPKR Trading at 275 Review: As per last analsys dated Oct 27, 2022 it was expected that move towards 264 - 275 can be witnessed that has been done now. What Next: Any fall to 240 - 223 would be limited We are also expecting it can move to 300 - 313 followed by 330 gradually.
Dollar Prediction only for Pakistani Rupees. Dollar sell Now 297 interbank and open market 315 Buy 281 Interbank Open Market 290 Lala Trader PK
USDPKR developing negative internal divergence likely to drag down towards 275 and bearish flag formation there will further drop the price currently currency pair move into corrective pattern either running flat for upside or expanding flat for deep correction
USDPKR is closely following USDLKR before the Sri Lankan Rupee hyperinflated in April 2022. Below USDLKR can be seen creating a pattern in 2020 and 2021 very similar to what FX_IDC:USDPKR has been doing in the last year. Here is what happened after Sri Lanka defaulted, and FX_IDC:USDLKR went from 200 to 360 in a matter of days Given the above...