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furoreggs
Mar 7, 2023 3:56 AM

USDKZT achieved a bottom of the channel Long

FX_IDC:USDKZT1D
U.S. DOLLAR / KAZAKHSTANI TENGEICE

Description

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Not a popular symbol for today, but I would like to highlight my idea in terms of self-development an possibility of tracking results in the future.
MOEX:USDKZT_TOM starts growing trend, which has a potential to get 28% during 6 months.



USDKZT::436->560::28%::Sep 2023

Does not constitute a recommendation.
#investing #stocks #idea #forecast #furoreggs

Comment

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Pair is moving near the forecast line.
Looks good and stay in the corners of idea.

Comment

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Second level achieved.
Short correction till 456 and moving to 510

Comment

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Divergence on 1D time range. It's going to move up.

FibonacciTrend LinesTrend AnalysisinvestingfuroreggsIDEAStocksforecast
Comments
yerzhan7sk
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do you take into account interventions by National Bank of Kazakhstan (from foreign reserves and from national fund) to hold the USD/KZT exchange rate?
furoreggs
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@yerzhan7sk, we are able to take into account a lot of factors. Nevertheless, inflation and complexity of dependencies in economics should outweigh other factors. Last year NBK uses reserves to support the rate of national currency and of cause this helps to delay changes, otherwise we could face them faster. In my view.
yerzhan7sk
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is it March-April when there will be a jump to how much? 520?
yerzhan7sk
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what is next? the low of last is hit
furoreggs
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--started growing exactly through the line. First milestone is 480 (7%)
furoreggs
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Moving directly through predicted way. Achieved 430 and turned around.
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