USD/KZTUSD/KZT continued to rise after rebounding from the support at 530. Our base case remains unchanged: the pair will likely stay within the 530-550 range for some time. However, in the longer term, USD/KZT is expected to trend higher.
Long-term trend: Up
Resistance level: 550
Support level: 530
Related currencies
USD/KZTAs we anticipated, USD/KZT declined toward the 530 tenge support level over the past month before rebounding. Our base case remains unchanged: the pair will likely stay within the 530-550 range for some time. However, in the longer term, USD/KZT is expected to trend higher.
Long-term trend: Up
Res
USD/KZT Long-Term Forecast Using Elliott Waves and Fibonacci TimDescription:
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
USDKZT achieved a bottom of the channelNot 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 r
Correlation between USD-KZT with oilHey traders and investors! Just curious anyone ever thought if there is any correlation between the USDKZT rate with oil prices or indices? Looking at other petrocurruncies I am flabbergasted how the USD-KZT can have its own trend and story to stride up and down when there is no reason for that. Hav
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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.