USDKRW AnalysisThe price is bullish and could bounce from the green support level.
🎯 Targets:
1️⃣ First Target: Blue line
2️⃣ Second Target: Blue line
The key is whether it can fall below 1453.08
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(USDKRW 12M chart)
The exchange rate has already been on an upward trend.
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(1M chart)
The point to watch is whether it can fal
Could South Korea's Currency Crisis Signal a New Economic ParadiIn a dramatic turn of events that echoes the turbulence of 2009, the South Korean won has plummeted to historic lows, breaching the critical KRW1,450 threshold against the US dollar. This seismic shift in currency markets isn't merely a numerical milestone—it represents a complex interplay of global
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.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.