Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
US Dollar/Pakistani Rupee (FOREX:USDPKR)
Weak Downtrend (-65) - USDPKR is showing signs of a strengthening downtrend. Monitor USDPKR as it may be building momentum to the downside.
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 DOWN since Nov 24th, 2023 at 276.28317
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 276.61250
The short-term trend has been DOWN since Nov 23rd, 2023 at 285.10289
Smart Scan Analysis for USDPKR
Based on our trend formula, USDPKR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).