USDKRW rates is on the verge of "to the moon".
As always, populism policy causes domestic inflation~hyperinflation to make its own fiat money undervalued.
Thus, Many people will eventually suffered, as Turkey, Venezuela, Argentina, Brazil, Greece, and Zimbabwe.
I set main chart as 4hr to record my trading.
But for the more clear view, you can check weekly view:
It hits the top of channel, spiked when CNY shock, and rejected to break up
So, most likely it will full back to 1185-1175 area and that will be our target.
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
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...
Marketplace analysis of attempting to determine Chinese macroeconomic stability and growth is insatiable. Because of this, I am continuously interested in finding proxies for the Chinese economy since low- to medium-frequency data out of China (GDP or manufacturing figures) are notoriously inaccurate.
With South Korean GDP figures out this week unexpectedly low...