Forex Trend Analysis Report
Prepared for you on Thursday, June 8, 2023.
US Dollar/Pakistani Rupee (FOREX:USDPKR)
Sidelines Mode (+55) - USDPKR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDPKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDPKR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDPKR
The long-term trend has been UP since May 11th, 2023 at 288.88495
The intermediate-term trend has been DOWN since Jun 6th, 2023 at 285.00000
The short-term trend has been UP since Jun 5th, 2023 at 285.82500
Smart Scan Analysis for USDPKR
Based on our trend formula, USDPKR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).