The trend of Japanese Yen and Korean Won within most of year 2022, as can be observed when reading together with the chart of USinterest rate, show how closely linked their relationship are. Recently government of relevant countries have been attempting to change this situation by putting money into the foreign currency exchange market, but as long as interest...
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...
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
Korea Won is so weak and in bearish. So I think Korea Won will break through 1300 won per dollar by year-end 2019. Also, KOSPI 200 already broken breaks 10-year upward trend
With Elliott wave theory
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...
USD/KRW breaking 2yr highs strongly may be the start of a major USD move. From the chart, 1210 is the next target.
USDJPY signal our first TP level was hit at 113.109 our stop losses are either at 112.264 or past entry to secure profit for our final targets. RSI is still strong so we are aiming for take profit levels of: TP2- 113.358 and TP3- 113.621
DAX 30 short trade. This trade has been won, there is a possibilty that you can still enter as downside momentum seems to remain. I wont be re-entering as its best to not be greedy with your profits and i am happy with this swing trade
I really like to cross reference my primary charts with the BTC/WON pair. Note the multimonth resistence line being -- probed?... Yes, I colored this chart with South Korean flag/ Korean Air colors....love Korean Air menu! :)
The Bitcoin/Won price is a more clear rising wedge with busted breakout/throwback. IF Bitcoin/SKW reaches the price target, then we should expect a rapid return to $7700, depending on how much of a premium/discount the Kimchi price is. Right now the Kimchi is UNDER the USD.
Target Profit Achieved. Those of you who benefited from this analysis, well done. Some of you guys who are annoyed that you didn't get in on this, I can promise you this... There'll always be risk on the table, keep on looking at my charts and analysis I'll keep you updated! Shoot me an email at o.traders@hotmail.com OR Just message me and I'll reply to...
Short if candle will close bellow the lower channel line. Be sure to leave a comment or click the like button. Ethereal