📌 KRW for the Yearly Close This brings into an important consideration for review the long-term KRW chart, the plan chosen by sellers has been able to lure in late unaware buyers at the highs because of the simple nature of the impulse employed. By trapping the highs and aiming for the negative break in the yearly close, it is a very bearish sign. Moves...
Blew right through the resistance, headed to the next. Almost impossible to short foreign index ETFs with the dollar tanking. The tanking dollar will obviously lead to inflation, even if the economy tanks next year. Funny that it was Korea that was concerned about stagflation last year.... seems like the US has more to worry about now. Just remember we don't...
CUrrency looks like it got rejected by resistance, should whipsaw here.... hopefully down next week. When trading foreign index ETFs like EWW, EWY, EWZ, or TUR, you gotta pay attention to the currency trade as well. The funds are NOT hedged against currency which means you're playing both the index and the currency. You can trade these ETFs to take advantage of...
I don't know if this is a double top or if it's just gonna head straight for the top. US has zero interest rate for the first time ever, so currencies can hit new ATH. Made money on EWY puts overnight, but flipped them in the morning. Funny thing is that the weak US currency will mean Korean goods will be more expensive, so it's not good for them.
The inverse of the US Dollar Index DXY versus select Asian currencies of Japanese yen JPY, Korean won KRW, Singapore dollar SGD, Malaysian ringgit MYR, Thai baht THB, Philippine peso PHP - note recent trends against trends over the last decade.
USD_KRW RECOVERING FROM FALLOUT (1) The pair will face resistance confluence (2) A good pullback trade is expected (3) Don't miss the moment _______________________________________ LIKE and SUBSCRIBE for VIBEZ
📌 A short update here for those tracking USDKRW ... It has been a very slippery pig since the last update: Here buyers stormed into control and chose to occupy the bid protecting 1140 via Covid flows. The relieving of this profit taking has become a bit more enterprising possibly via the idiosyncratic spike in cases for the U.S. The next moves are cooked...
Pattern: Multi-year Channel Up on 1W since mid 2014. Signal: If the green trend-lines break, it is a sell signal but suitable to long-term traders only. Target: First to the 1W MA200 and then the Higher Lows trend-line of the long-term Channel Up as illustrated by the green arrows. ** Please support this idea with your likes and comments, it is the best way...
Korea's economy looks set to be forming a meaningful floor in Q4 and with a helping hand from a temporary pause in protectionism we should see KRW remain in bid for the first half of 2020. For the domestic story, Korean exports have fallen which spilt over to the demand side. With this in mind, should the USD devaluation / reflationary theme pick up pace for the...
Bitcoin’ and cryptocurrency became really famous in Korea. If you go to there, there is something that you can tell right away by interacting with the people... They are really, really smart, advanced, educated, polite and beautiful people. I believe they are ahead of the game when it comes to most other countries and their interest in Bitcoin’ is increasing...
This is Bithumb BTC KRW. Looks like a massive monthly bear flag that wants another 50% loss. But if you zoom into the daily, and look at the monthly volume candle, just the last few days doubled all that volume from the month before. This is due to Bithumb secretly making a fiat onramp partnership with NongHyup Bank. Watching closely to see if we reverse...
What is up everyone, hope you are having an awesome day. This post is a follow up on the epic ICX (non) breakout yesterday. We were watching ICX very closely yesterday and never saw the ABCDE/triangle breakout we were expecting. BTC/USD saw some profit taking and was overbought (Stoch RSI indicator with the purple line on the bottom the screen), the dip...
thanks... ^^ 1HYcbnxu71M8EEa2HbFKi3pif8MbCJfvwA
Using another exchanges, we can see how low volume has in south korea. It helps that some echanges has increased the volume, but is not enough to jump and change the trend. Let's wait 2 more weeks! Next month could be to accumulate and flat, and this summer could explode again.