USDPKR trade ideas
Dollar Ruppe Pair| USDPKR | USDT rate on BinanceBy 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/pkr chart AnalyysisDollar 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.
Buy It NOWIf 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
Pakistan outlook for playground of banking stoogesA 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 of control outside of planting 100 clowns in that circus theatre.. Now they can focus on the wire and warehouses game.
USDPKR Potential Pullback ComingIs 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.
Low risk high reward opportunity. Long awaited pullback on USD/PKR occured last week which i see as a golden opportunity to add some buys. You may hear voices calling for 130 and even 120. But in my opinion we are gonna leave 160s and 150s level soon like we left 140s. So be prepared for the ride. The panic sells may cause some temporary dips but keeping in mind risk to reward ratio, only buy is an option at the moment. Dont get trapped with soaring forex reserves numbers when debt is rising at the larger pace. USD is going to be the best safe haven asset for investors all around the world in coming weeks. Im a buyer here at mentioned buy zone on the chart.
Pakistani Rupee gaining strength against USDUSDPKR
Pakistani Rupees is getting strength against USD. Currently Trading at 160.200 supported by a rising trendline. Oscillators RSI, MACD and Momentum Indicators are Showing Negative Divergence at the weekly chart. Looking forward to shorting the pair as it breaks down the rising trendline below 159 with the stop loss of just above the region of resistance and will target for near 130s.
Short Sell @159
SL @162
TP @130