USDKRW reversed off its resistance at 1178.48 where it could potentially drop further to 1169.57. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDKRW expected to rise up to 1st resistance at 1175.78 where it could potentially react off and drop down to 1st support at 1150.98. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDKRW approaching support at 1150.98 where it could potentially rise further to 1175.78. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
FX_IDC:USDKRW USDKRW might be getting a support at 1153. Previous support lines support the idea.
Picture perfect technical setup here for a short play to the downside for USDKRW. - We hold a guarded optimistic view on economic recovery across the South Korean economy following revisions in growth expectations. We see slowing growth bottoming out with sensitivity now positioned to the upside and a gradual rebound across the semiconductor sector as a hedge...
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...
The USD devaluation is confirming a major top in USDKRW and implying we will start to see a larger bear market here. Those following my previous models on USDKRW will know the break of 1178 has unlocked the lows. Focus is now shifting towards the 2018 trend-line, a technical break of this will do significant damage: With a USD macro top confirmed, I am...
USDKRW bounced off 1157.16 where it could potentially rise further to 1187.75. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Here we are tracking the highs in USDKRW ... from a technical perspective after clearing the required 1.272% extension in the ABC correction we have started to put in the beginning stages of a 5 wave sequence to the downside. For the long term highs in Dollar as widely expected the highs are coming and USDKRW is no exception here, protectionism isn't helping...
Korea Won is so weak and in bearish. So I think Korea Won will break through 1300 won per dollar by year-end 2019. Also, KOSPI 200 already broken breaks 10-year upward trend
Here we are tracking the end of a rally since Q2 2018, the bid has exhausted and is looking corrective in nature. We confirmed a test of resistance at 1195 which held, this was an ABC sequence from the lows. To put simply, it is possible that the entire rally we saw since last year has been counter trend and against the macro flows. If this is correct then we...
After breaking the 2yr highs a couple of days ago, now it seems we will get close to 1210, a level reached on January 2017. I expect the USDKRW to go higher, especially since the slowdown in local economy and not good news from the US/China trade talks. I do not recommend buying the KRW at his levels. Any bad news from US/China trade talks will make the KRW go...
USD/KRW breaking 2yr highs strongly may be the start of a major USD move. From the chart, 1210 is the next target.
South Korea's policy to raise the salary will make this currency inflated more and continue becoming weaker and weaker to USD. Bearish trend will continue until the end of 2019, until it meets a strong resistance at 103x~104x+. Hard resistance at 101x. In short term, salary might undermine KRW due to inflation, however, in the long-term, this policy will attract...
WON has appreciated against USD for 2017. The psychological support is 1000 in the year 2008, a critical support zone and one that I think the Korean Government would not let it falls through. I am taking a small position and would add more along the way.
Trying to figure out which the best long term hold; Peso, Won or Ruble... let me know your thoughts
Symmetrical wedge implies a continuation pattern with upside resolution. But fundamentals are bearish for Korea, including declining global trade, domestic political turmoil, U.S. protectionism, and the global dollar shortage. Neutral until wedge breakout is confirmed.