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.
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...
Price action has given breakout from the bullish pennat pattern and it is likely that price will complete its price projection. Fib levels also indicating importance of pennat price projection as projected price is lying on the fib 2.0 level
Whenever bearish divergence appears on the monthly chart of USDPKR, it took a 5-6% correction in first instance and if the divergence appeared again successively the instrument took a correction of 9-10%. Currently one bearish divergence was appeared and price action got corrected. Lets wait for another Bearish divergence to witness a good fall in USDPKR.
Due to inflation in pakistan the pkr get weak against dollar and other currencies but there are some countries which commited to pay for pak, specialy most of them as i hear news they mentioj the march i will effect the price. The price range is about 240 and 290 the price hold for some times in this range.
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.
Usdpkr selling Next target is 213.3855 FX_IDC:USDPKR
Usd to pkr no sign of reversal, Just buy before the upcoming election. And hold for long term. And invest of those amount which people leave long term in banks.
USD PKR 1 Day Analysis With T/P And S/L Follow For More Thank U .
USDPKR LONG LONG BIAS DOW THEORY: LONG DIVERGENCE: LONG TREND LINE: LONG PARALLEL CHANNEL: LONG SHORT BIAS CANDLES: SHORT FIBONACCI: SHORT (TGT 0.5) PLAN 1 1. Wait for bullish candles at 215.00 2. If it confirms then take a long position. 3. TP = 226.00 4. SL = Fib 0.5 lvl (210.00). PLAN 2 1. If the trend line breaks at 215.00 then wait for bullish...
By observing clear patterns of significant increases compared to the corrections its clear that dollar rate may get stabilize in the near future but it would be difficult for dollar rupee pair to go below 200 anytime soon. PS: its monthly chart which indicates long term behavior.
A bullish engulfing pattern is visible from the last two days' candle, I would like to ride it long as the bullish trend seems to continue.
USDPkR SHORT + Future Prediction + Not going up Good News for Pakistan.... elliot wave anlysics Hamonic pattern fib retracement fib extension Monthly Wychoff Pattern Smart Money Concept
USDPKR was previously in downward trend. But now changing and going towards upward trend.
Is the Green back ready to pullback. It has managed to post two Hammers in last two days and is currently holding above 152.00 support area. Possibility for a pullback is definitely there as room to the upside is present, alternatively if price pushes past 152. We could continue to see further new lows around 150-148.
USDPKR Pakistani Rupees is getting strength against USD. Currently Trading at 160.200 supported by a rising trendline. Oscillators RSI, MACD and Momentum Indicators are Showing Negative Divergence at the weekly chart. Looking forward to shorting the pair as it breaks down the rising trendline below 159 with the stop loss of just above the region of resistance and...