USD/KZT Long-Term Forecast Using Elliott Waves and Fibonacci TimDescription:
In this analysis, we apply Elliott Wave theory and Fibonacci time zones to forecast the long-term movement of USD/KZT. This approach reveals critical price levels and timelines that could shape the future trend of the currency pair.
Chart Overview:
• Current Price: 473.32 KZT/USD
USDKZT achieved a bottom of the channelNot a popular symbol for today, but I would like to highlight my idea in terms of self-development an possibility of tracking results in the future.
MOEX:USDKZT_TOM starts growing trend, which has a potential to get 28% during 6 months.
$USDKZT::436->560::28%::Sep 2023
Does not constitute a r
Correlation between USD-KZT with oilHey traders and investors! Just curious anyone ever thought if there is any correlation between the USDKZT rate with oil prices or indices? Looking at other petrocurruncies I am flabbergasted how the USD-KZT can have its own trend and story to stride up and down when there is no reason for that. Hav
USDKZT to hit between 474 and 485This oil-related pair is going to complete the wave 4 down reaching minimum area of retracement at 38.2% Fibonacci of wave 3 at 430.
The next support is at 50% at 420.
I see the USDRUB should reverse soon so this pair then is going to follow.
The target for wave 5 is located within 474-485 range.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.