Pontential US Dollar/South Korean buyFrom a top down analytical perspective, the currency is generally in an uptrend, and the trend may continue for a while due to a rising wedge spotted
USD/KRW Breakout Strategy: Eyeing Lower Support ZoneIf the current support level breaks, the next target could be the lower support zone. Once the breakout is confirmed, it's crucial to monitor for further downside potential. Stay attentive to the charts and price action to make informed decisions.
S. Korea Central Bank Maintains Rates, Hints at Future EasingKey Points:
The Bank of Korea (BoK) held its benchmark interest rate steady at 3.50% for the 12th consecutive meeting, marking the longest such streak on record.
Despite the hold, the BoK signaled a potential shift towards a more dovish monetary policy stance, suggesting rate cuts could
HomesickA half-year or so would be a good time to visit the homeland, I think.
No promises how it'll do outside of the triangle. I've seen it break both ways.
USDKRWDXY 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 sl
big falling wedge of USDKRWIt can be raised again by the falling wedge pattern.
But, it was not completed, yet.
USDKRWUSDKRW
Simple analysis in case Korea faces harsh "bank run" or "debt(mortgage) collapse" crisis.
Cup and HandleIf someone wants to draw cup and handle pattern, it should need to break out 1289.
let's see what someone want. ;)
What do you think about this analysis?hello everyone
please tell me what do you think about this analysis
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Displays a symbol's price movements over previous years to identify recurring trends.