USDTWD💥1H-TIMEFRAME ANALYSIS 💗Hello ladies and gentlemen This is my new idea for 💥USDTWD I hope my idea is clear Support me by like and share thank you Stay Safe💯💲💲💲 Good luck💰😍
The already incredible low volatility of the US dollar to the Taiwan dollar somehow over the past few weeks managed to drop volatility even lower than before. The range trading has tightened further from 30.42 to 31 by a tighter range of 30.65 to 30.94. This is truly incredible, even for the foreign exchange market which has suffered (or enjoyed given your...
While RSI and Bull/Bear sentiment have edged away from clear overbought signals, we are continuing to see exponential moving averages assert their authority in suggesting the uptrend will continue. This is the case for the 'ribbon' of EMAs excluding the five day EMA which price action has dropped below. In the short-term I am a bit bullish on Taiwanese equities...
This forex pair suffers from a number of problems including manipulation, low volume, lack of interest, etc. The technicals are not on the side of those expecting divergence from these trends. Overall, expect a continuation of this sideways move.
This pair is significantly manipulated (as stated by the US Department of Treasury), lacks volume, and therefore lacks volatility. Will likely move sideways for some time to come.
USDTWD is a very low location, with a bullish divergence on daily. I'm expecting a breakout to the upside. Look to the price action for a potential small wave down before the breakout.
What is a meaningful relationship between the currencies of two very interlinked and substitute export-led economies appears to have broken down - at least directionally in this case. I think they reconverge, so my bias here is long USDTWD... So now I shall look for an entry.