Short KRW for tension with China, domestic political caos Technically bounce off from the support.
Generally it has down trend in upper time frame, it is expected to have some correction
Pattern will fail if the bottom line of parallel channel be broken.
After a double bottom we see the USDKRW in a fresh uptrend
USD/KRW forms “head and shoulder” pattern, dips or bounce back conditional upon price action at neckline: Fundamental briefing: The risk-on feel in emerging markets extending further on a dovish Fed or recovery in oil prices alongside foreign inflows into equities and bonds being sustained. Although Korean currency has won in the recent past, KRW is one of the...
Technically, USDKRW takes support at 1152.32 levels cushioned by BoK’s unexpected rate cut event. The duos (leading indicators) that signal momentum in Bull Run is converging ongoing price rallies (observe daily chart the strength index bounces back as & when it approaches 40 levels). Stochastic curves evidence %K crossover right from oversold territory. On the...
Back testing and practicing. Please let me know what I can work on if improvements are needed.
USDKRW (Daily) Potential IHS formation. Elliot Wave 5, abc potential completion. Bull Flag continuation.
Without the Rates. USDKRW is a really undervalued pair on a PCA modelled residual basis, seasonality 15y is as usual strong into April, with 5y 10y predictably ends in late march since people have been selling rallies in an anticipatory move. Buy P/B