Rupee loses ground against the dollar and major currencies

17-jun-2021


The Pakistani rupee was lost against the pesos, the dollars were against the interbank currency market.

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After opening the week with a loss of 21 paisas and posting a marginal gain of 0.1 paise on Tuesday, PKR showed stability against the greenback with a gain of 2 paisas on Wednesday.  However, on Thursday, PKR lost 14 paisas to the PKR again.

PKR closed at Rs.  160.33 to the USD on Friday (January 15) as compared to Rs.  160.18 to the USD on Thursday, which was up from Rs.  160.34 to the US Dollar on Wednesday.




PKR gained 13 paisas to the Euro on Friday after a gain of 92 paisas on Thursday.  Against GBP, PKR lost 9 paisas on Friday after gaining 58 paisas on Thursday.  On Wednesday, PKR had lost Rs.  2.16 to the GBP after a loss of 60 paisas on Tuesday.


Against the AUD, PKR posted a gain of 20 paisas on Friday, after a gain of 10 paisas yesterday, and a loss of almost half a rupee (49.9 paisas) on Wednesday.  Against CAD, PKR gained 2 paisas after losing 46 paisas yesterday.

  PKR deteriorated by 4 paisas against both UAE Dirham and Saudi Riyal on Friday after showing the same amount of improvement on Thursday.

Rupee Weeks Against Dollar

 The rupee was the weekend against the dollar



The rupee weakened against the US dollar at Rs160.33 in the inter-bank market on Friday compared with Thursday’s close of Rs160.18, according to the State Bank of Pakistan (SBP).  Earlier, the SBP let the rupee depreciate massively in the inter-bank market after finalization of an agreement with the International Monetary Fund (IMF) for a loan program on May 12, 2019. The IMF has asked Pakistan to end state control of the rupee.  and let the currency move freely to find its equilibrium against the US dollar and other major world currencies.


Ethereum, Latcon, and Replay's R - Daily Tech.  Analysis

It was a wonderful start, so let's go.  Give it a try.

Ethereum

Salad B 2.2% fried.  The 1.6% rally from Thursday to Thursday, Ethereum was in full swing.

A bullish start to the day saw Ethereum rise to an early morning intraday high $ 1,255.59 before hitting reverse.

 Falling short of the first major resistance level at $ 1,290, Ethereum slid to a late afternoon intraday low of $ 1,065.0.

 The reversal saw Ethereum fall through the first major support level at $ 1,130, briefly revisiting 1,175 levels.

 At the time of writing, Ethereum was up by 2.01% to 1,191.62.  A mixed start to the day saw Ethereum fall to an early morning low $ 1,168.29 before rising to a high $ 1,195.51.

 Ethereum left the major support and resistance levels untested early on.

For the day ahead

 Ethereum would need to avoid a fall through the pivot level at $ 1,163 to support a run at the first major resistance level at $ 1,261.

 Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high of $ 1,255.59.

 Barring an extended crypto rally, the first major resistance level and resistance $ 1,300 would likely cap any upside.

 In the event of an extended crypto rally, Ethereum could test resistance at $ 1,400 before any pullback.  The second major resistance level sits at $ 1,354.

 Failure to avoid a fall through the $ 1,163 pivot would bring the first major support level at $ 1,070 into play.

 Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at 972.31.  The 23.6% FIB of 1,051 should limit the downside.

Looking at the Technical Indicators


 First Major Support Level: $ 1,070

 Pivot Level: $ 1,163

 First Major Resistance Level: $ 1,261

 23.6% FIB Retracement Level: $ 1,051

 38.2% FIB Retracement Level: $ 866

 62% FIB Retracement Level: $ 566

Litecoin


 Litecoin slid by 5.74% on Friday.  Reversing a 3.27% gain from Thursday, Litecoin ended the day at 143.63.

 A mixed start to the day saw Litecoin rise to an early morning intraday high $ 155.30 before hitting reverse.

 Falling short of the first major resistance level at $ 158.4, Litecoin slid to a late afternoon intraday low of $ 130.29.

 Litecoin fell through the first major support level at $ 144.9 and the second major support level at $ 137.4.

 Steering clear of the 38.2% FIB of $ 125, Litecoin broke back through the second major support level to end the day at $ 143 levels.

 The first major support level at $ 144.9 pinned Litecoin back late in the day.

 At the time of writing, Litecoin was up by 1.23% to 145.39.  A mixed start to the day saw Litecoin fall to an early morning low $ 143.54 before rising to a high $ 145.75.

 Litecoin left the major support and 
resistance levels untested early on