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...
The price had broken and retested a strong trendline, If price respects the current market structure ( & If we dont have an economic fallout) we're looking for dollar to fall back at 108.000 by early 2022.
* RSI * Ichimoku * Fibonacci * Bollinger bands Very steady strategy with minimal drawdown showing a short signal with USDPKR, still holding steady meaning the BEAR will pull down at some point.. time to short!