SOUTH KOREAN WON – EM CURRENCIES WARNING …

SOUTH KOREAN WON   –  Today on ATA Research Radar 

 

ATA Following …

YUAN

18.08.2019 –  YUAN – CURRENCY WAR PING PONG…

ARGENTINA PESO

20.08.2019 –  ARGENTINA PESO – No Strike after Finance Minister Resigned…

 

SOUTH KOREAN WON Motives 

South Korea Q2 GDP Growth at Near 2-Year High

South Korea – Japan  TRADE WAR 

ASIA -China – Japan  & Global Slowdown 

with

Bank of Korea ( BOK )  Monetary Policy

Last July 2019 Unexpected Rate Cut to 1.5% from 1.75% 

 

SOUTH KOREA WON

 

 

Present  USD/KRW  Secular  Situation 

 

 

 

 

 

First…Market Motives 

above in this text…

 

Second…Market Technical  Patterns

Monthly View 

Two Invert H&S Patterns 

First…

Rising Probability of Secular Invert H&S Pattern 

Neckline – Key Level  1223 

June 2010 – Present

Second…

Activated Long Term Invert H&S Pattern 

Neckline – Key Level  1142  

June 2017 –  March 2019

with

MACD Monthly Buy Signal

 

USD/KRW  Present Active Range

1223    vs    1200

 

ATA  USD/KRW  Investment Conclusion 

Special Focus on

Psychological  Key Level 1200

vs

Neckline Secular Invert H&S  1223 

with

Rising Probability of  WON Fall 

of course

needed Confirmation by

USD Shot Up above Neckline 1223

&

No Back under 1200 

that’s why

Focus carefully

Result of  Testing  

 

Master Key Levels   1223   vs   1200 

 

 

N – TIMES

F/X  Maximes 

Risk strikes Fast…

Chart is More Important than 1000 Words…

&

Most Important s Final Smart Money Reaction…

First…EOD-s

Second…EOW-s

Final…EOM – Now Month  August

 

USD/KRW Monthly Charts :

20.08.2019 

KRW - M - Line

KRW - M - Line - Focus

KRW - M - Line - Focus-Focus

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