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.
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.
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
its possible to look for new ideas in terms of how the currency in Pakistan is VALUED... for example focus more on working with GUJARAT... its possible that DEFLATION... can be achieved if PAKISTAN works with helping the AFRICAN union and EAST AFRICA? For example the CURRENCY can be linked not ONLY to INDIAN CURRENCY but to EAST AFRICAN and MIDDLE EAST OIL. ...
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
