Today's TWD to PHP Price Update

Summary

This report provides the real-time exchange rate between the New Taiwan Dollar (TWD) and Philippine Peso (PHP), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The New Taiwan Dollar (TWD) is the official currency of Taiwan, while the Philippine Peso (PHP) is the primary fiat currency of the Philippines. The exchange rate between them reflects market sentiment regarding the relative economic strength of both nations and currency stability in the Asia-Pacific region.

Today’s Price

• 1 TWD = 1.86 PHP
• 24h High: 1.8737 PHP
• 24h Low: 1.8581 PHP

Market Analysis

Recent TWD/PHP price movement shows moderate volatility within a narrow trading range. Technical indicators suggest mixed market sentiment:

• Technical levels: The 14-day Relative Strength Index (RSI) stands at 44.929, indicating a Sell signal for the pair
• Risk note: Near-term volatility remains present, with the pair oscillating between daily support and resistance zones
• Trading opportunities: Monitor price action around the 24-hour support level at 1.8581 PHP and resistance at 1.8737 PHP for potential entry and exit points

Conclusion

Continue to monitor the TWD/PHP pair closely, integrating technical indicators and short-term price action to develop sound trading strategies. Traders should remain attentive to support and resistance levels while considering the current bearish technical signal from RSI readings.