$USD/THB Analysis on 1H and 1D Timeframes
1H: It appears that we’ve hit a bottom at $32/THB and have seen a solid bounce. The uptrend is likely to continue after a brief correction.
The MACD is resetting lower and needs some time to reach a bottom.
The RSI is very low, which indicates a potential short-term bounce.
Conclusion: We should stabilize above $33/THB...
Hey Traders
We have USD/THB here on chart, my weekly fundamentals are telling me we have a potential for a reversal from demand zone, if you follow my charts I am using weekly charts for my analysis and daily chart to zone in on demand or supply to get area more accurate to place our buy or sell limit.
So details are on chart where I am placing buy limit and sl...
USDTHB is consolidating in a very small region at the end of March 2024 . USDTHB has got a history of breakout's. Million dollar Question? Will the price breakout in coming days. How far price can go? and what is going to be the course of action in days to come.
Based on previous Black Friday Sales, it is clear to me that Aha! Now I know #002 is the next pre-release initial investors buying in cheap period before the other market players catch on.
There is never certainty that this time round's Black Friday Sales will be a success, and if it happens to fail, I would exit for a small loss as usual, probably at 40% of my...
Asia will be shaken to the core once again, but that's good news for China, first, for CCP it is an opportunity to step in and replace dollar with yuan, making countries in Asian region to submit to the Yuan power, de-dollarization of Asia. The first crisis was triggered by the handover of HongKong to China, this time it will be takeover of Taiwan by China....
Irrespective of any economic News coming from Feds or any political uncertainty from Thailand does not bother me too much.
However I believe in chart patterns and ongoing price action on the pair. As far as USDTHB is concerned the price broke Resistance area at 34.60 on 3.Aug.23 and now has become a strong support. 2nd price is well above support trend line...
On the chart we can see a falling wedge pattern that is bullish reversal pattern.
After the correction is finished we expect that the price will rise.
Target is shown on the chart.
As you can see on the 30 min chart for USDTHB there is a Reverse Cup and Handle forming. The price should go down to the support level where it was formed (supply zone) and then form the handle. Any news can move the currency in another direction though so this is just a personal analysis but it looks to be correct :)
Hi Everyone!✋🏽
The correction of the clear uptrend is valid at the moment on the daily chart (the one I use to define the trend). Nice hammers printed on the daily, and although market may still test the daily or the weekly S/R zones, there is a chance that it may turn and go in the direction of the trend.
For it to happen, there is an early entry zone, but...
Here is what I see. The ABC corrective pattern to the upside is complete and USDTHB is breaking down. I've outlined two profit taking zones (Green boxes).
Looks like USDTHB is going to break down on the hourly chart. Let's see if we continue to trade to the downside inside the channel. I've marked two take profit zones, don't exclude it going deeper.
- A good point for Tourism in Thailand, the country could get much more US/EU customers in 2022-23.
- in return it will be much more pain for Thai Peoples to visit USA and EU. (Euro is weak vs USD, but strong vs THB).
- Tourism still remain a big economic factor for Thailand, and much more important right now, after Covid Pandemic.
- The big problem is : Economy...
USDTHB( D ) is moving in a strong up trending market.
creating a series of higher high and higher low. Currently, the price has just tested daily previous swing high previous resistance as support and it is weekly 50% fib level. On a daily there is a strong rejection candle has formed. It is a high probability that USDTBH will continue to rise from this level in...
