| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro- Ethereum Daily Outlook

FxWirePro- Major Pair levels and bias summary

FxWirePro- BTCUSD Daily Outlook

FxWirePro- ARUSD (Chart of the day)

FxWirePro- Ethereum Daily Outlook

FxWirePro- Major pair levels and bias summary

FxWirePro :GBP/NZD heads deeper into bear territory, plunge to test a key fibo grows

FxWirePro- Crude oil Daily Outlook

FxWirePro: GBP/AUD under pressure after early buying dries up

FxWirePro :GBP/AUD gains some ground but bias is still bearish

FxWirePro-Crude Oil Daily Outlook

FxWirePro- BTCUSD Daily Outlook

FxWirePro: GBP/NZD pauses decline, downside risk remains

FxWirePro:EUR/NZD extends losses, as kiwi dollar firms

FxWirePro: GBP/NZD extends drop, faces 23.6%fib support

FxWirePro :GBP/AUD moves lower as bearish sentiment grips

©Econometrics LLC . All Rights Reserved.

FxWirePro: Taiwanese dollar marginally higher in early hours of Asia, faces strong support at 29.90 mark

Thursday, May 25, 2017 3:50 AM UTC

USD/TWD is currently trading around 30.05 marks.
It made intraday high at 30.19 and low at 29.99 marks.
Intraday bias remains bearish till the time pair holds key resistance at 30.23 mark.

A daily close above 30.16 will drag the parity up towards key resistances around 30.31, 30.48, 30.69, 30.90, 31.02, 31.15, 31.26, 31.78, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
On the other side, key support levels are seen at 29.90, 29.84, 29.72, 29.61 and 29.28 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
Taiwan stocks open up 0.2 pct at 10,059.91 points.

We prefer to take short position in USD/TWD only below 30.00, stop loss at 30.23 and target of 29.90/29.72/29.50/29.28.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Shanghai's Data Policy Shift Could Propel Tesla's Local Data Center Efforts

America’s Roundup: Dollar mostly flat as market mulls inflation outlook ,Wall Street end mixed, Gold gains, Oil gains 1% on hopes of firmer demand

FxWirePro- Ethereum Daily Outlook

Gaza: what ceasefire negotiations tell us about how each side judges its progress in the war

Out with the old: Blue- and white- collar job labels aren’t cutting it anymore

FxWirePro- Major Pair levels and bias summary

Delays in western aid have put Ukraine in a perilous position

Gaza update: why neither ceasefire talks nor the Rafah offensive appear to be working

Cancer drug pollution is a growing global concern

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

FxWirePro: Taiwanese dollar marginally higher in early hours of Asia, faces strong support at 29.90 mark

Editor's Picks

Welcome to EconoTimes