I'm bullish on Korean Won for having one of the most advanced semiconductor and tech manufacturing industries in the world. This includes: the highest quality semiconductor production from the likes of Samsung, Oled, and MicroLED panel production from LGD/Samsung, Battery production from LG Chem, EV production Hyundai etc... Exports are going to grow in the coming...
Hi, this is my analysis for USDKRW pair in different timeframes. I see the price is moving up and about to reverse, we have one confirmation from RSI divergence right now, but it's not enough. We should see the price to loose momentum and show some bearish strength once it reaches to our important area covered with ellipse shape in cyan. It's 60-70% setup, if it...
SNIPER STRATEGY USDKRW Daily Timeframe USDKRW is falling and it might be big one WARNING there might be pullbacks on the way down and this strategy cannot predict them but do not worry it will give you profit at the end Start Believing something magical is happening with SNAIPER STRATEGY It will pay believers very soon
I guess USD/KRW can reach 1200 dollars because US banks will control it.
Before we start off with the latest reviews, I want to wish a Happy New Year to all my Followers, visitors, lurkers and haters here on Trading View. Here wishing you the most profitable and bullish year full of impulses and exciting trades in 2021. 2020 was a b... of a year, and I am raising my glass to a clear and sunny 2021. And in the meantime, let's have a...
📌 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 KOSPI has topped as expected and foreign investors are beginning to cash out. Current fundamentals show that export volume has declined by almost half and a strong KRW is killing competitiveness and denting profits on exporting companies which should translate to drop in stock value. USDKRW should hit 1140 in short/mid term and come back down to the 1100...
- USDKRW is getting close to reaching the multi decade long support in the 1,100 - 1,090 range - Price is currently outside the lower Monthly BB band - Increasing covid cases worldwide, double dip recession in EU, and uncertainty on a smooth transfer of power in the US added to the highest number of Covid cases are brewing the perfect storm for a flight back into USD
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
$USD / $KWN bullish gartley on the daily haz hit ducc PRZ pattern reversal zone (D) long entry target
USD/KRW 1W USD/KRW will stay around 1040 - 1100 range for 2018.
📌 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...