DXY is approaching resistance.
If TVC:DXY breaks past resistance and USDKRW breaks past resistance, we could be seeing levels from 2022 return 1439.
It is imperative for us to monitor the green upward sloping line of resistance.
If we fail to close the month above this green upward line of sloping resistance (12 days left) we will likely see a correction...
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South Korean lawmaker Kim Nam-kook held 800,000 WEMIXs with a peak price of over 6 billion won (about $4.55 million) when he introduced a bill to delay the taxation of virtual assets such as cryptocurrencies in 2021. The prosecution has launched an investigation into the matter to confirm whether there was a violation of the law. It is reported that after all...
This chart of Korean Won shows a very clear rejection off a long term previous support area and there is today forming a right shoulder of a head and shoulders. One to watch.
USD/ KRW ( DXY ) for March 2023
In a bing cycle of years,
USD/ KRW is open to 1650-1750.
If the corresponding line comes,
the stock market and cryptocurrency will be a good buy point.
Here the Korean Won is clearly failing to break above the support zone indicated on the chart. This could mean another down leg for the Won. Several other currencies are showing charts of turning points versus the USD.
Korean Gov. made decision on tax-cut, tax-cut for rich people.
Judging by the pound depreciation caused by England's ex-Prime minister, I can assume there will be a depreciation on Korean Won.
Japan's base rate changing makes these days' Won-appreciation, but it will not continue.
sooner or later, Won-depreciation is scheduled. Because the next Korean presidential...
We found a pattern called Inside Bar (Bullish) on 2022 Dec 30 at 17:00 GMT on a the four hour chart suggesting the forecast will be bullish for up to nearly 48 hours.
that meets when the price faced the support drawn in the graph above .
we must take care of the stop loss and the account strength .
taking stop loss is very important .
if you like it boost our channel .
Wave A has been completed, and wave B corrective is ending, and it is a triangle consisting of five small corrective waves inside, and then wave C remains in an upward motive trend
The rectangle on the chart shows that the current exchange rate of Won to USD is at a level which in the past has been supportive. Will the roles reverse and the dollar pick up strength against the Won soon? That's my hunch.
HELLO GUYS THIS MY IDEA 💡ABOUT USDKRW is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for...
