PKRUSD"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
USD/PKRPossibility 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 an
USD PKR expectation350 likely in the near term
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Technical (Behavioral) factors (short term to medium term)
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- Consolidation period become shorten (rectangles)
- Historical correction range (10 to 11%) which
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.