Trading Outlook New Taiwan Dollar (NT$) ⇨ US Dollar ($) (TWDUSD)

Trading Outlook New Taiwan Dollar (NT$) ⇨ US Dollar ($) (TWDUSD)

Trading Outlook New Taiwan Dollar (NT$) ⇨ US Dollar ($) (TWDUSD)

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 32.31.

The projected upper bound is: 31.98.

The projected lower bound is: 31.21.

The projected closing price is: 31.59.

closed up 0.074 at 31.612. Volume was 16% below average (neutral) and Bollinger Bands were 43% wider than normal.

Open High Low Close Volume___
31.541 31.673 31.485 31.612 1,920

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 31.93 32.21 32.64
Volatility: 7 8 7
Volume: 2,032 2,111 1,396

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


New Taiwan Dollar (NT$) ⇨ US Dollar ($) (TWDUSD) is currently 3.2% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of TWD= (mildly bearish). Our trend forecasting oscillators are currently bearish on TWD= and have had this outlook for the last 41 periods.


Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 18.5184. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 27 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 33.25. This is not a topping or bottoming area. However, the RSI just crossed above 30 from a bottoming formation. This is a bullish sign. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 0 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -211.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 10 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 2 period(s) ago.

The following two tabs change content below.
Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

You must be logged in to post comments :