While everyone is worried about inflation, recession, the FED, Cryptos etc.. No one is realizing that we
could be heading for an emerging market currency crisis as rates in the US rise and the dollar gets stronger.
Read more bout it here.
Possibility 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 and stop the intelligence outflow.
Just made a trade of around 87000 PKR into USDT. I bought a lot above market and have done this for an experiment lol. I think I will be selling it for a 3% loss. That's around a $9 loss.
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.
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.
350 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 has been completed in the current correction phase
- Tested...
Price is breaking the channel middle dotted line which leads to the bottom side of the channel where initial support lies at 277 on a weekly basis, if the price further breaks the channel then next area could be 260-239 range where Rang bound expected
In this video, I have taken into account a comprehensive technical analysis of the USDPKR exchange rate and its significant impact on inflation within Pakistan. The Price action will provide you with a detailed understanding of the factors driving this upward movement.
Stay informed and make data-driven decisions in the financial markets by watching our in-depth...
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.
Hello beautiful people hope you are well
Here is present usdpkr technical data i ma expecting market will drop till 262 if market break 296 area then our first target will be 309 to 315 zone and 2nd target will b 330 to 334
Hello beautiful people hope you are well my predicted levels hitted now i am waiting down structure breakout if market break these level then market start bearish till mentioned zone so keep eyes on these levels
USDPKR developing negative internal divergence likely to drag down towards 275 and bearish flag formation there will further drop the price currently currency pair move into corrective pattern either running flat for upside or expanding flat for deep correction
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...
USD/PKR Trending upwards
Divergence :RSI making lower lows LL :Price making higher highs HH
Reversal Pattern: A small wedge formation and upward momentum has slowed down
EP: Brake of last low 259
SL: Above recent high 286
TP: last HL to HH 208
