By observing clear patterns of significant increases compared to the corrections its clear that dollar rate may get stabilize in the near future but it would be difficult for dollar rupee pair to go below 200 anytime soon.
PS: its monthly chart which indicates long term behavior.
Dollar is on a bullish trend with MSB near 202$ if it doesn't break structure then it will continue up trend. So, ride the trend with trailing stop loss.
Dollar rates are on increasing against PKR.
One may think for trading. may come down to 200 or below to but if crosses 215 then next target would be 220 , 225 PKr
Dollar is in a bullish trend and as inflation and no imf deal yet, it will continue its bullish trend. when FATF exit Pakistan from gray list, it can give a healthy pull back. Hl 197$ is a strong support if it retains it, we'll be in bullish trend but if it breaks Hl , market structure will be break and probably down trend will start.
If you are like the majority of pakistanis you like to be sheep.
Now that the time is up, the uptrend has shown a trend reversal signal you are thinking to buy
So for the sheep, lets look up
believe that dollar will reach 200 in ten days and you will be super rich super quick
The country pakistan is a failed country. BUY dollars
A speck in macroeconomics of a strategically challenged geography, a spectacle to how minions react to changing global landscape, division of east and west, reformation of blocs, and looming world war.
As for forecast, 1 USD should buy 350 PKR today, but the whole point of SBP autonomy is to balance the market against kleptomaniacs, who in past had little means...
Is the Green back ready to pullback. It has managed to post two Hammers in last two days and is currently holding above 152.00 support area. Possibility for a pullback is definitely there as room to the upside is present, alternatively if price pushes past 152. We could continue to see further new lows around 150-148.
USDPKR SHOWING PKR RUPPEE GOING TO BE STRONG THIS YEAR
TARGET 1 138 POSSIBLE THIS YEAR
TARGET 2 108 COULD REACH IN EARLY 2022
TARGET3 76 NEXT THREE YEARS EXPECTED BELOW 100
