The priceline of USDTHB is moving within an Up channel and hits at the channel's support.
The MACD is turning bullish.
RSI is oversold.
Stochastic is oversold and gave bull cross.
The sell targets are as below:
Short between: 30.912 to 30.966
Regards,
Atif Akbar (moon333)
The Thai baht over the past week started out the week sideways, but like the Singapore dollar ended the week up. This pair is a bit more impacted recently from political risk surrounding its election and because of this we may see more volatility not related to technical or fundamental components. Nonetheless, its important to keep in mind the overall trend...
Ordinary least squares method suggests we are still trending down in this pair even as many other Southeast Asian currencies are trending much further down such as USDSGD as can be seen here: In that respect, Thailand is an under-performer, but momentum has stalled even though some of...
After SET index breakout 5 years channel at 1600.00, it retested to 1600.00 support line and showed the weakness breakout as long red and short green candles.
It dipped a little new low at 1590.00 so this notices the bearish sign of lower high and lower low.
Forecast : Bounce to 16500.00 and plummet to 1500.00/1350.00
Trend was likely to be reversal when it shows two higher bottom and 19.0 breakout with peak volume and a gap up afterwards. This is kind of the uptrend confirmation. The target are predicted from the cluster of Fibonacci extension and projection which accidentally equal the peak volume price level in the past months.
THANI : Similar pattern after channel breakout
It's likely to gap up and reaching 30% to TP 11.40, though this mark up seems weaker than previous mark up due to the mid channel breakout. Hopefully the same pattern happens.
Assume selling climax in July 2018 and accumulated for 26 bars. Then it did breakaway gap and marked up(01) for 30% approx. Again, it accumulated for shorter period for 16 bars and later did the breakaway gap which assuming this is in the mark up phase(02). Hopefully, it will reach 30% as a minimum next TP that should not be less that mark up phase(01)....
H&S Pattern breakout with gap is a high demand drive. I found this stock too late so just wait and see the target price with Fibonacci projection. Just wondering the Fibonacci extension is not significant to this price chart.
USD/THB 4H Chart: Breakout form triangle
The American Dollar was trading against the Thai Baht in a two-week long symmetrical triangle. In result of the previous trading session the currency rate made a breakout to the bottom. The bearish movement is not evident yet. Nevertheless, the slipping 55- and 100-period SMAs together with the weekly PP suggest that...
#USDCHF short on Daily.
The trend line and 20SMA have been broken already. Price closed below
a fractal as well and a retest of the inner trend line has finished with a
nice bearish engulfing candle.
SL 0.9957
TP 0.9730
#NZDUSD prepare to short on H4.
Trend line, fractal and 20 SMA have to be broken. Set an alert or put a sell stop order down below
the fractal level.
SL level 0.6953
TP level 0.6827
#GBPJPY short on Daily.
The trend line has been broken and the retest finished. A bearish engulfing pattern developed.
Furthermore the 20SMA level has been broken.
SL 150.34
TP 147.75
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