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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.

Open High Low USDPKR Price Change
286.25 286.25 186.50 186.50 -99.75
Entry Signal

MarketClub’s Trade Triangles for USDPKR

long term up The long-term trend has been UP since May 11th, 2023 at 288.88495

intermediate term down The intermediate-term trend has been DOWN since Jun 6th, 2023 at 285.00000

short term up 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).

Smart Scan Analysis for USDPKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
286.25 286.25 186.50 186.50 -99.75
Prev. Close Volume Bid Ask Time
287.05 2023-06-06 16:56:29
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