Description: In this analysis, we apply Elliott Wave theory and Fibonacci time zones to forecast the long-term movement of USD/KZT. This approach reveals critical price levels and timelines that could shape the future trend of the currency pair. Chart Overview: • Current Price: 473.32 KZT/USD (as of June 29, 2024) • Key Levels: • High: 525.30 KZT • ...
USD might test level of 439 in coming days, followed by retest and further continuation upside topping in the range of 460-470 KZT per USD closer to June 2022
USD/KZT long targets - 464, 506, 704 KZT seems very weak against the USD, and in the long term, it supposes to reach 704. Not financial advice
Same situation as with USDRUB. The structure gets complicated.
This oil-related pair is going to complete the wave 4 down reaching minimum area of retracement at 38.2% Fibonacci of wave 3 at 430. The next support is at 50% at 420. I see the USDRUB should reverse soon so this pair then is going to follow. The target for wave 5 is located within 474-485 range.
Hello our lovely Motherland! Sorry, we really crying, but frankly & fundamentally Powerful Traders predict 500 - 550 tenge to 1/09/2020y. (Kazakhstan is the Motherland of PowerfulTraders) No comments... Regards.
I will keep this one very quick as not much interest in KZT. On the technical side we have a very clean and simple legs to track here, nothing to change my view of the gravitational pull back towards normality circa 310 in the coming weeks. Heavy USD sells continue from locals nad in my books a matter of time before we are -18% from the original entries: ...
A fresh and new instrument to the @ridethepig Tradingview portfolio. Tenge finding a strong bid with a lot of air below to the next target area. Tenge is definitely oversold and cheap compared to other valuations in EM FX space, the attractive carry is worth playing if you have Oil or RUB in the playbook. A quick recap of the Oil Macro chart: From a...
Powerful Traders' predicting 390 - 400 near time.