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SOUTH KOREAN WON / U.S. DOLLAR

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Free Real-Time Chart and Prices of All Major cryptocurrencyCryptocurrency traders can use Topbit to see the exchange rates on more than 49 cryptocurrency exchanges. Seoul, South Korea, June 6, 2018 (Newswire) -A new website, Topbit.io, has launched to offer users a real-time chart and prices of 6,500 coins and 1,200 cryptocurrencies. The site uses Big Data processing technology and is free to all. This site allows users to see 49 cryptocurrency exchanges from around the world to see exchange cost for trades based on the currency of their choice. The goal is to help market members make better decisions about their cryptocurrency trades. Since 2013, more than 1,500 cryptocurrencies have emerged and close to 600 of them are currently traded on exchanges. The exchanges allow users to buy and sell cryptocurrencies. The exchanges though only provide charts for buy and sell transactions without providing strategy to determine which cryptocurrencies are most advantageous for trades based on exchange rates. “The greatest advantage of Topbit is anyone can check the price difference of cryptocurrency on each exchange in real time and for free,” says Shan An, creator of Topbit. “The site is currently optimized for both personal computers and for mobile devices, so users can look even on the go.” Topbit will be branching out to more than 20 nations including China, Japan, the United States, and those in Europe. In the future, Topbit is planning to upgrade to provide users automatic purchasing process so that they can purchase based on expert strategy, user specified/desired condition strategy, or transactions to be triggered once selected conditions are satisfied. “By utilizing the substantial information that we have, we aim to build a risk-free, real-time trading notification system,” adds An. “When the trading notice system is created, we will offer to our clients for free. It will permit users to track trade volumes and price distinction examination between cryptocurrency exchanges with the goal that market users can utilize Arbitrage (hazard unhindered commerce exchange).” To learn more about the Topbit’s real-time cryptocurrency charts and prices, visit Topbit.io. About Topbit Co. Ltd Topbit Co. Ltd. is an internet portal service provider for cryptocurrency. It is a specially designed website that brings information from 65 cryptocurrency exchanges from around world as a real-time. It is implemented by big-data processing technology. To learn more, visit Topbit.io. Media Contact Shan An Email: shan1019@topbit.io Phone: 82 10 8887 4680 TopBit.io - Live charts where you can monitor ANY coins/currencies For Cryptocurrency. you can analysis market price and trend through MACD,RSI, Bollinger Bands graphe as a real-tme from worldwide exchage.
by shan1019
www.topbit.io , ProvidesReal-time Cryptocurrency Charts,i thinks that www.topbit.io is best solution for trading of cryptocurrency such as bitcoin,ethereum,etc., becasue, it provide cryptocurrency charts and market prices that helps global users view real-time charts and market prices of 6,500 coins and 1,200 Cryptocurrency using a Big Data Processing Technology. Topbit.io allows users to see a collection of 49 currencies by Cryptocurrency, exchange, and coin of interest for free.Users can view transaction prices for exchanges around the world based on the currency of their choice. In addition, it provides large volume of real-time transaction data using The Big Data Processing Technology, so that market participants can see the difference in price between each exchange.
by shan1019
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
USD/KRW forms “head and shoulder” pattern, dips or bounce..?USD/KRW forms “head and shoulder” pattern, dips or bounce back conditional upon price action at neckline: Fundamental briefing: The risk-on feel in emerging markets extending further on a dovish Fed or recovery in oil prices alongside foreign inflows into equities and bonds being sustained. Although Korean currency has won in the recent past, KRW is one of the biggest potential losers from continued JPY and CNY weakness, which we expect. South Korea has the highest export correlation and lowest export complementarity with Japan and China. Technical glimpse: USDKRW hits multi-month lows From a technical perspective, USDKRW is trading near multi-month lows at 1119.60. The pair has also formed a “head and shoulder” pattern on the weekly chart with the head at 1244.30, shoulder 1 at 1208.60 and with the shoulder 2 at 1196.10 levels. A decisive break below 1120 & 1110 (the neckline of a distinct head and shoulders pattern) would be a bearish signal for USDKRW, opening the door for further KRW strength. Otherwise, we foresee equal chances of a sharp bounce back towards 1175 levels. To substantiate the effects of "head and shoulder" pattern, on daily charts, bears have managed to evidence more bearish candles such as the gap down that signifies the weakness to prolong further. However, RSI on the contrary at 40 levels has bounced back several times in the recent history and prices have spiked accordingly. Well, reiterating above pivot points of 1120 and 1110 would be closely watched on a closing basis. One can expect higher targets up to 1175 as long as the current level holds on, otherwise, the long-term bearish trend is quite certain, bears can even drag up to 1099 levels where we can see next strong support.
by FxWirePro
Korean won gains but capped up to 1150 amid puzzling LT trendTechnically, USDKRW takes support at 1152.32 levels cushioned by BoK’s unexpected rate cut event. The duos (leading indicators) that signal momentum in Bull Run is converging ongoing price rallies (observe daily chart the strength index bounces back as & when it approaches 40 levels). Stochastic curves evidence %K crossover right from oversold territory. On the contrary, 7DMA crosses below 21DMA which is absolutely a sell signal, but we foresee that there’s a room for prices bounces up to 1150 as this sell signal is a lagging indication. Upcoming price behaviour should follow this signal. We expect one more rate cut, as one-off cut may raise market interest rates, the key question now is whether there will be any further BoK rate cuts in the near future, and our answer is ‘yes.’ We do think the downside risks to growth will continue to outweigh the upside risks for the time being. The most important factor that leads us to expect at least one more rate cut is the expectation that a one-off cut will increase the chances of a rise in market interest rates. In 2013, we saw a one-off rate cut in May being followed by a significant rise in market interest rates. Admittedly, the jump in the market interest rate in 2013 was driven by the ‘Taper Tantrum’, i.e. worries over the tapering of the Fed’s quantitative easing. While GDP forecasts for H2 2016 and 2017 have been lowered slightly, to 2.7% and 2.8%, respectively (formerly 2.8% and 3.0%), which should also be in line with the BoK’s revised forecasts in July. We also maintain our base scenario of a supplementary budget to avoid a ‘fiscal cliff’ at the end of this year and remove the 50bp rate hike from our long-term BoK policy forecast. Our end-2019 BoK policy rate now stands at 0.5%. But similar concerns regarding the Fed’s tightening action also apply to the current situation: the possibility of a Fed rate hike will be a major source of risk for the global financial markets in H2 this year. We conclude that the BoK will implement one more 25bp rate cut to maximise the impact of its monetary easing actions. The most likely timing for a rate cut will be Q3, before the likely Fed rate hike in December.
by FxWirePro