Thailand is the second largest economy in Southeast Asia. In the fourth quarter of last year, the country was helped by strong exports and the easing of Covid-19 restrictions. Bank of Thailand (BOT) estimates that the Thai economy will continue to expand in 2022 and 2023 despite rising inflation . Meanwhile monetary policy tightening may have to wait until the...
Next target is 36 . Would we get high like JPY :))
(Although DXY look overbought and limit of upside) but my country also have eco. issues, hyper inflation :DDDDDDD . . PS. *** All of my analysis is for scalping method, Not suitable for coin holders / Investor *** If you follow it please adjust the stop loss at your acceptable risk. It's my trading diary particulary to practice scalp trading skill. . Feel...
USDTHB analysis ( THB continues to strengthen ) and have come up to test the resistance
Everything is on the chart Feel free to comment / share ur ideas Trade safe and fun
The Thai Baht has been cautiously gaining ground against the US Dollar since December despite recent volatility in stock markets. In fact, USD/THB recently broke under a key rising trendline from early 2021, confirming the breakout. Key support below appears to be the 200-day Simple Moving Average. Tourism is a key component of Thailand's economy, which has been...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDTHB reached a monthly resistance in where price has rejected multiple times. At the same time, it is important to notice how it broke a daily downtrend that it had going on for weeks. Buying opportunities can't be taken at the current level, however, possible shorts opportunities could be taken as soon as price starts shifting market structure on lower...
M/W/D are all bullish Last week created a bullish FVG This week, Daily created an OB+ We plan to trade a 1H OB+ within that Daily OB+
this pair is on the watch list. We have a breakout of a range. We just need to see a correction for continuation. This pair is on the watchlist 👍
THIS PAIR IS PRIMING UP TO GO SHORT IF WE CAN CLOSE BELOW AND RETEST.
As the drivers of exports and tourism continue to be missing in action, the negative GDP growth trend is here to stay for the rest of the year, and perhaps beyond. Rising political uncertainty is another reason why we expect the Thai baht to remain one of Asia's weakest currencies over the remainder of the year. 🦠 Thailand has been one of Asia’s Covid-19 success...
First time I forecast this exotic I believe. Instantly noticed this diagonal trend and the bearish candles for August and September '18 lookalikes. Based on this and more possibly current bullish candle to turn bearish up to 30.6, 30.2 or even all the way down to 29.7. Then a bullish candle for October and another two bearish for November and December targeting...
Will short on the retest and rejection.
Pattern: Channel Down on 1W. Signal: Bearish after a rebound is completed on the 1W MA200. Target: 30.150 and 29.300 in extension. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
USDTHB Potential Bullish Movement we are waiting for a momentum candle close above 32.870 to buy this one Reason: 1- Divergence on MACD (in red) 2- Objective Wedge (in blue) 3- Double Bottom (in purple) Three confluences are enough to consider Buying USDTHB, after a break below 32.870 (in gray) *unless price broke below our double bottom pattern (purple...
USDTHB Trading Plan BUY - Riks Reward 1:3 - FollowTrend