PSO outlookAs the previous market data is concerned the data for PSO shows us a fall in the price of share i am watching ptice to fall to its weekly support level and the price gauge to 155.68 level of support , as well as the trend is concerned stock is in a bearish trend from weekly to daily to H4 to H1 there is some resistance to bearish trend over H4 TF but main trend is breaish price is also forming a Continuation pattern to the bearish trend i am bearish over next week to 155.88 level of support
Pakistan
DCL - CUP FORMATION TG : 10.00 - 11.40
DCL is currently trading in a cup pattern, with a post-breakout retest of the neckline at the 8.38 level, following a 36.00% rally from a low of 8.00. DCL now shows a homing pigeon bullish reversal formation with medium reliability. It is likely to continue its momentum toward the previous high of May 2024 at 11.40, followed by 12.80. The momentum indicators are in oversold territory. Accumulate with a defined risk below the 8.00 level.
Targets: 10.00 - 11.40 - 12.80
HUBC - BEARISH REVERSAL WITHIN A BULL FLAG
HUBC is currently trading within a Bull Flag pattern, with the price encountering resistance below 118.30. Multiple resistance levels are preventing a breakout from the flag resistance zone. The price appears poised for a bearish reversal towards the levels of 111.80 to 102.70. It is probable that the flag channel's bottom support around 104 / 102 levels will be tested.
Consider selling with a STOPBUY set above 119.
Targets: 112.70, 111.30, 108.00, and 104.
KAPCO Hourly - BEARISH CHANNEL PULLBACKKAPCO has tested the bottom channel support at 23.52 and the price has closed below the lower Bollinger Band, suggesting a potential short-term pullback. It appears that KAPCO is currently experiencing a downturn in price. Traders and investors should closely monitor the price action and consider adjusting their strategies accordingly.
USDPKR about to hyperinflate? Pakistan will default?USDPKR is closely following USDLKR before the Sri Lankan Rupee hyperinflated in April 2022.
Below USDLKR can be seen creating a pattern in 2020 and 2021 very similar to what FX_IDC:USDPKR has been doing in the last year.
Here is what happened after Sri Lanka defaulted, and FX_IDC:USDLKR went from 200 to 360 in a matter of days
Given the above fractals, is it possible that Pakistan can defailt soon? If it does and it follows through on the pattern, USDPKR can jump from from the 280s to the high 400s very quickly.
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.
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.