Trade Like A Sniper - Episode 47 - USDTWD - (18th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Tr
God bless East AsiaIt used to be unrealistic to think that there was a war at home. But now this concern is becoming increasingly real. Especially in 2024, with November 2024 being the most likely month for a war to occur. If the new Taiwan dollar depreciates by more than 10% in an instant in November, then my biggest
Taiwan's export orders performed well in FebruaryTaiwan's export order totaled US$42.59 billion in February, with an YOY increase of 48.5%. The export order is estimated to grow even more by US$54.5 ~ US$56 billion in March, according to the ministry.
MM analysis
ICT ( +88.4% ), electronic products ( +52.4% ) and optical equipment industries (
The Low Volatility Taiwan Dollar Is Now Less VolatileThe 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
USDTWD Continues Sideways, will do so for the immediate futureThis 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.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.