KRW (Korean Won)

Re: KRW (Korean Won)

Postby winston » Mon Nov 20, 2017 7:59 am

Chart of the day: Signs of dollar weakness

by Nicole Elliott

North Korea was in the news a lot recently, coinciding with US President Donald Trump’s Asia visit.

What’s interesting is that despite the sabre rattling, the Korean won has appreciated in the process, moving from 1,150 to the US dollar at the beginning of October to 1,097 last week.

Poised on support at the bottom of the very large triangle that has dominated for two years, the chart looks top-heavy.

All aspects of the Ichimoku cloud system are bearish with the cloud now dropping.

If prices were to close below 1,085, we would expect considerable dollar weakness here and probably against a raft of other Asian and emerging-market currencies.

Source: SCMP

http://www.scmp.com/business/markets/ar ... r-weakness
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Re: KRW (Korean Won)

Postby winston » Mon Nov 20, 2017 7:59 am

Chart of the day: Signs of dollar weakness

by Nicole Elliott

North Korea was in the news a lot recently, coinciding with US President Donald Trump’s Asia visit.

What’s interesting is that despite the sabre rattling, the Korean won has appreciated in the process, moving from 1,150 to the US dollar at the beginning of October to 1,097 last week.

Poised on support at the bottom of the very large triangle that has dominated for two years, the chart looks top-heavy.

All aspects of the Ichimoku cloud system are bearish with the cloud now dropping.

If prices were to close below 1,085, we would expect considerable dollar weakness here and probably against a raft of other Asian and emerging-market currencies.

Source: SCMP

http://www.scmp.com/business/markets/ar ... r-weakness
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: KRW (Korean Won)

Postby behappyalways » Sat Sep 03, 2022 11:10 am

Record Trade Deficit Hitting Korea Won Foreshadows More Weakness
https://www.zerohedge.com/markets/recor ... e-weakness
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Re: KRW (Korean Won)

Postby behappyalways » Sat Sep 17, 2022 10:37 am

South Korea is reportedly considering 'contingency plans' for currency exchange volatility as the won drops to 13-year lows against the dollar
https://markets.businessinsider.com/new ... krw-2022-9
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