In today’s briefing:
- USDCNH: What Month End Close Will Confirm a Sustainable Multi-Month Uptrend with a 7.10/7.20 Target?
- KIA Corp (000270 KS): Response to LT Trend Channel Resistance (78500) Is Key to a Bullish Outlook
USDCNH: What Month End Close Will Confirm a Sustainable Multi-Month Uptrend with a 7.10/7.20 Target?
- At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
- USDCNH has delivered a most positive response to key Fibonacci support at 6.7143. February has the potential to confirm a renewed and sustainable multi-month uptrend.
- A February month end close above 6.9213 will provide such confirmation and target 7.10/7.20 on a multi-month basis.
KIA Corp (000270 KS): Response to LT Trend Channel Resistance (78500) Is Key to a Bullish Outlook
- At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
- The bullish response to the 50% Fibonacci retracement at 61750 in Q1 2023 has been impulsive.
- KIA Corp is set to challenge the top of the 2021/2023 parallel downtrend channel around 78500. A break above the channel will confirm aggressive topside targets (90000/100000).
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