in ANALISA by hafid zaini

7640875 7/12/2017 5:19 PM, USD/KRW intraday: the downside prevails as long as 1149 is resistance


1149.00 is our pivot point.


Our preference

: the downside prevails as long as 1149 is resistance.


Alternative scenario

: above 1149, look for 1152.60 and 1154.70.


Comment

: the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1147.21 and 1150.08).


Supports and resistances

:

1154.70 **

1152.60 *

1149.00 **

1147.60

1145.03 last

1140.20

1138.10 **

1136.00 *

1133.80 **