Black Friday saleUp to 70% OFF

KRWUSD

KRWUSD will sink before it will float againBefore 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 look at a few more FOREX pairs. KRWUSD is appearing to be locally short term bearish, as it is in SubWave 4. We can see bearish goals in purple, invalidation is in red. This one will drop before it will rise again. Happy hunting, and again, none of what I say is specifically financial advice.
Short
by Rykin_Capital
KRWGBP gravitating to lower lowsBefore 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 look at a few more FOREX pairs. KRWGBP is appearing to be bearish, ABC fractals I believe to be evolving here and now. We can see bearish goals in purple, invalidation is in red. This one will drop before it will rise again. Note RSI momentum dropping as well. Happy hunting, and again, none of what I say is specifically financial advice.
Short
by Rykin_Capital
ridethepig | KRW for the Yearly Close📌 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 like these, do not happen often and are noteworthy. Another Yearly outside candle which as a matter of fact, should fix itself towards 900. What is important for us to track here is the 'pressure' break which is being played after the Fed capitulation. So it is worth considering adding to shorts as this looks set to continue in 2021. 📌 Nevertheless, I will continue to go through the technicals across the board, before we dig into macro details together towards the end of year for a final talk shop. Thanks for keeping all the feedback coming 👍 or 👎
Short
by ridethepig
Turning point for the South Korean WonPicture 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 against further monetary easing. - Confirmation via BOK commentary should see decisive technical conviction through the neckline and flows into the buyside floor as optimism rises. - Put exposure added across our macro and directional portfolios.
Short
by Portier
USD/KRW retracement near the end of 2019 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 more foreign labors and eventually have a good effect on the currency. Beside, the inflation also have good impacts on Korea's export. At this point, a good long position will be available. Good exit at Fib retracement 0.5 For more details, see the chart analysis.
by LucasVu