Wednesday, September 9, 2015

USD/KRW Chart Analysis : Possible Island Gap signaling turnaround

Daily chart of USD/KRW. Island gap appeared with longer MACD divergence. Island is consist of 2 candles with long tails to both of up and down side, respectively. First candle has positive body, and second candle has negative color.

All of these signal KRW currency passed the top in short term at least.
Maybe the value would go to confirm to be underpinned on 60 days moving average and ahead positive cloud, around 1,150 won.

What does it mean?
Will BOK hold monetary policy? No cut the rate?


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