USDPKRUSD/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
Key stats
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Previous close
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USDPKR (Analysis.2)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
USDPKR Bearish Divergence (Analysis.1)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 an
Usdpkr analysisDue 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 th
Usdpkr where it will goAfter 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.
USDPKRUSDPKR 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.
USDPKR- 1 DAY CHART. US DOLLAR WILL RISE"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 E
$pkr short trade setup. #Pakistan #elliottwave 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.
$pkr #pkr #pakistan $usdpkr #elliottwave long setup.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.
#USDPKR Sell Setup.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.
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