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
Price action has given breakout from the bullish pennat pattern and it is likely that price will complete its price projection. Fib levels also indicating importance of pennat price projection as projected price is lying on the fib 2.0 level
Whenever bearish divergence appears on the monthly chart of USDPKR, it took a 5-6% correction in first instance and if the divergence appeared again successively the instrument took a correction of 9-10%. Currently one bearish divergence was appeared and price action got corrected. Lets wait for another Bearish divergence to witness a good fall in USDPKR.
Due to inflation in pakistan the pkr get weak against dollar and other currencies but there are some countries which commited to pay for pak, specialy most of them as i hear news they mentioj the march i will effect the price. The price range is about 240 and 290 the price hold for some times in this range.
After economy crisis in Pakistan value of PKR drop about 80 rupees. USDPKR have support 247 and a strong support in 240, to reach to these levels PKR need strong news let see what will be the IMF decision.
"Pakistan is Now Over 92% More Likely to Default on its Debt"
Here is my analysis against US DOLLAR PAKISTAN RS.
Dollar Rate will more rises in upcoming days the main reason is there is no NO POSITIVE NEWS and SUPPORT ZONE after Imposed Imported government (PMLN) by AMERICA & Support by Pakistani Establishment.
1st Target Rs.225.58
if candle close above 38.20% of...
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.
Hello Birdies,
Someone from our followers requested this instrument.
The currency is not doing good once it broke the supply zone we will see the price breaking ATH and going around 260 PKR
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.
Key timelines in Pak political timeline are marked, no significant developments in last two weeks.
- DXY Strengthening is a cue for further falling for PKR
- Inflation stands at 40% YoY for the Sensitive Price Index.
- Inflation since 2022 Jan is ~25% on official records.
Already made loss of 30% since YTD. Further falling expected.
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.
