AceTraderForex Nov 8: Daily Outlook on Asian Exotic USD/KRW

[B]DAILY USD/KRW OUTLOOK - 1064.0
08 Nov 2013[/B] [I]06:17GMT[/I]

Usd’s intra-dat breach of Wed’s 1063.7 top sug-
gests erratic rise fm 1054.3 has resumed n retrace.
of MT decline to 1066.6 wud be seen b4 retreat.

Stand aside n look to buy on dips as only below
1058.7 signals temp. top made, 1054.3 again.

[B]STRATEGY :[/B] Stand aside

[B]RES :[/B] 1065.0/1066.6/1069.2

[B]SUP :[/B] 1058.7/1054.3/1051.0

[B] DAILY USD/KRW OUTLOOK - 1071.0
11 Nov 2013[/B][I]05:58GMT[/I]

Usd’s sharp gap-up open n subsequent rise signals
rise fm Oct’s low at 1054.3 remains in force n fur-
ther gain to 1074.0 is seen b4 retreat.

Look to buy on dips as only below sup 1062.5 wud
indicate a temp. top has been made, risk 1058.7.

[B]STRATEGY :[/B] Stand aside

[B]RES :[/B] 1071.9/1074.0/1077.3

[B]SUP :[/B] 1062.5/1058.7/1054.3

[B]DAILY USD/KRW OUTLOOK - 1064.60[/B]
[B]15 Nov 2013[/B] [I]05:24GMT[/I]

Dlr’s intra-day decline suggests rise fm Oct’s
1054.3 low has made a temp. top at 1074.3 Wed n
retrace. of said upmove to 1058/59 is envisaged.

Sell dlr on intra-day recovery for this move n
only abv 1068.6 risks stronger gain to 1071.7.

[B]STRATEGY :[/B] Sell at 1065.5

[B]OBJECTIVE :[/B] 1059.0

[B]STOP-LOSS :[/B] 1068.8

[B]RES :[/B] 1071.7/1074.3/1077.3

[B]SUP :[/B] 1065.9/1062.5/1058.7

[B]DAILY USD/KRW OUTLOOK - 1060.5
18 Nov 2013[/B] [I]05:30GMT[/I]

Usd’s breach of Fri’s low at 1063.3 suggests
decline fm 1074.2 (Wed) has resumed n further weak-
ness to Oct’s low at 1054.6 wud be seen.

Trade fm short side with stop as indicated, abv
wud risk stronger pullback to 1071.7.

[B]STRATEGY :[/B] Hold short

[B]POSITION :[/B] Short at 1060.5

[B]OBJECTIVE :[/B] 1055.0

[B]STOP-LOSS :[/B] 1062.5
[B]
RES :[/B] 1071.7/1074.3/1077.3

[B]SUP :[/B] 1060.5/1058.7/1054.6

[B]DAILY USD/KRW OUTLOOK - 1062.70
21 Nov 2013[/B] [I]05:37GMT
[/I]
Usd’s rebound suggests the pullback fm 1074.2
(Nov) has ended at 1054.8 (Tue) n consoldiation
with upside bias wud be seen for gain to 1067/68.

Stand aside n look to buy on dips. Only below
1059.5 aborts bullishness n yield 1054.6.

[B]STRATEGY :[/B] Stand aside

[B]RES :[/B] 1071.7/1074.3/1077.0

[B]SUP :[/B] 1059.5/1054.6/1048.0

[B]DAILY USD/KRW OUTLOOK - 1061.5
27 Nov 2013[/B] [I]02:36GMT [/I]

Despite dlr’s sideways move after staging a strg
rebound fm 1054.8 (last Tue) to 1063.9, as long as
said res holds, downside bias remains.

Sell on recovery for 1056.5 but said sup shud
remain intact. Only abv 1063.9 risks 1067/68.

[B]STRATEGY :[/B] Short at 1061.5

[B]POSITION :[/B] Short at 1061.5

[B]OBJECTIVE :[/B] 1056.5

[B]STOP-LOSS :[/B] 1064.0

[B]RES :[/B] 1063.9/1071.7/1074.3

[B]SUP :[/B] 1058.5/1054.6/1048.0

[B]DAILY USD/KRW OUTLOOK - 1058.1
06 Dec 2013 [/B][I]05:44GMT
[/I]
Usd’s breach of 1059.0 suggests the recovery fm
1056.5 has ended at 1063.3 (Tue), below said sup
wud yield re-test of Oct’s low at 1054.6.

Stand aside n look to sell on recovery, only abv
1063.3 wud yield re-test of 1065.0.

[B]STRATEGY :[/B] Stand aside

[B]RES :[/B] 1063.3/1065.0/1071.7
[B]
SUP :[/B] 1056.5/1054.6/1050.0

[B]DAILY USD/KRW OUTLOOK - 1053.4
09 Dec 2013[/B] [I]00:02GMT
[/I]
Intra-day gap-down open n subsequent breach of
Oct’s low at 1054.6 signals MT downtrend has once
again resumed n weakness to 1048.6 is seen.

Sell at market with stop as indicated n only abv
1056.1 aborts n risks retracement to 1059.8.

[B]STRATEGY :[/B] Sell at market

[B]OBJECTIVE :[/B] 1049.0

[B]STOP-LOSS :[/B] 1055.5

[B]RES :[/B] 1056.1/1059.8/1061.1

[B]SUP :[/B] 1050.0/1048.6/1045.0

[B] DAILY USD/KRW OUTLOOK - 1052.5
10 Dec 2013[/B] [I]05:50GMT[/I]

Usd’s breach of y’day’s low at 1052.0 suggests
LT downtrend has resumed n downside bias wud be
seen for further weakness to 1048.6.

Hold short with stop as indicated n only abv
1056.1 aborts n risks retracement to 1059.8.

[B]

STRATEGY :[/B] Short at 1053.4
[B]
POSITION :[/B] Short at 1053.4

[B]OBJECTIVE :[/B] 1049.0
[B]
STOP-LOSS :[/B] 1055.5

[B]RES :[/B] 1054.5/1056.1/1059.8

[B]SUP : [/B]1050.0/1048.6/1045.0

[B]DAILY USD/KRW OUTLOOK - 1052.7
11 Dec 2013[/B] [I]05:42GMT [/I]

Usd’s breach of y’day’s low at 1051.0 suggests
LT downtrend has resumed n downside bias wud be
seen for further weakness to 1048.6.

Hold short with stop as indicated n only abv
1056.1 aborts n risks retracement to 1059.8.

[B]

STRATEGY :[/B] Short at 1053.4

[B]POSITION :[/B] Short at 1053.4

[B]OBJECTIVE :[/B] 1049.0

[B]STOP-LOSS :[/B] 1053.4

[B]RES :[/B] 1054.5/1056.1/1059.8

[B]SUP : [/B]1050.0/1048.6/1045.0

[B]DAILY USD/KRW OUTLOOK - 1065.8
06 Jan 2014[/B] [I]05:51GMT[/I]

As usd has staged rebound fm Thur’s 1048.3 low,
suggesting LT decline has made a temp. low there n
further gain to 1070.6 wud be seen.

Stand aside n look to buy on dips. Only below
1057.1 wud damepn bullishness n risk 1054.9.

[B]STRATEGY :[/B] Stand aside

[B]RES :[/B] 1070.6/1074.2/1079.0

[B]SUP :[/B] 1057.1/1054.9/1052.6

[B]DAILY USD/KRW OUTLOOK - 1064.7
08 Jan 2014[/B] [I]05:42GMT[/I]

Intra-day's retreat fm 1070.3 suggests choppy  

conolidation wud be seen, further weakness to 1062/
63 cannot be ruled out but 1060.7 shud hold.

On the upside, only abv 1071.0 wud signal up- 

move fm 1048.3 has resumed, 1074.2. Stand aside.

[B]STRATEGY :[/B] Stand aside

[B]RES :[/B] 1071.0/1074.2/1079.0

[B]SUP :[/B] 1060.7/1057.1/1054.9

[B] DAILY USD/KRW OUTLOOK - 1058.4
14 Jan 2014[/B] [I]05:43GMT[/I]

Usd’s strg rebound fm y’day’s low at 1055.6 sug-
gests fall fm 1071.0 (last Tue) has possibly made
a temp. low there, abv 1061.1 confirms, 1064.1.

On the downside, only below 1056.7 indicates 

recovery is over n yields re-test of 1055.6.

[B]STRATEGY :[/B] Stand aside

[B]RES :[/B] 1061.1/1064.1/1071.0

[B]SUP :[/B] 1055.6/1054.9/1052.5