Thailands tourism is in the gutter as Chinese tour groups stopped. China is a large cut of tourism. Baht had its run, part IS OVER. Time for this MASSIVE BULL WEDGE TO BREAK UPWARD, AND THE BAHT DECEND TO ITS REAL VALUE.... which matches the countries LOW productivity levels. High baht times are over for now.
Potential opportunity to stand at the beginning of a trend. The end of the 5th wave formation. I will wait for the rollback to Fibo level 0.618 and get up.
This is a descending wedge which are bullish. In the long run, monthly I see a target of 36 in the years to come. World trade and spending are slowing in the macro economic picture and EMs will not hold up! If you have baht, time to sell and reverse positions as 29 or 30 baht per dollar will NO WAY hold much longer. This kind of rate is totally ridiculous in the...
The pair is trading on a multi month 1M Channel Down (RSI = 35.185, MACD = -0.898, Highs/Lows = -0.7368). The price is now on the 1D MA50 (blue line) which since May 2019 has always initiated a new bearish leg. Since the 1D RSI is also approaching the usual 65.60 Sell Level, we are expecting a decline. Our Target is 30.000. ** If you like our free content...
USDTHB bounced off 30.150 where it could potentially rise further to 30.467. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USD/THB is going back to his support around the area of 29.70000 Good reasons that could happen: 1.: europe holidays are done and people are start working=less money circulation for their tourists 2.: fed has pumped money into their monetary system to prevent recessions 3.: price action bars tell you more than just the price. Have a nice and risk management week Hola
Pretty self explanatory trade. We've been in a long term down trend for awhile now and recently broke the support level and closed below it on the daily chart. At this stage I'm just waiting for a pullback and some signs of entry to get short on this. I'll be looking for a long term trade on this heading towards 29.77820 level
Priceline of US Dollar / Thai Baht forex pair has formed a bullish butterfly pattern and entered in potential reversal zone to hit the sell target soon insha Allah. This PRZ area is also a stop loss point, in case of complete candle stick closes below this area. MACD is turning bullish, it was strong bearish now turned weak bearish. RSI is oversold. Stochastic is...
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 the technicals are pointing towards a bit of an upward rebound. However, I am...
For the purposes of taking a broader view of movements in forex markets... Chart: 1-year performance of JPY, THB, MYR, CNY, IDR, INR vs the USD (inverted) Since October, there has been a marked improvement in the performance of Asian currencies. The change means Asian currencies have paired losses over the last 12 months, with the yen and Tai bot entering the...
USD/THB is in a down-down trend, as evidenced by the 3-6-20 MACD signal line and 12-26-9 MACD signal line. It is also trading within a relatively wide channel (two parallel green lines). I have included the 7-day Moving Average as well, because since the middle of December, the MA has served as a reliable resistance level that the pair has yet to meaningfully...
The USD/THB currency pair has been trading in a descending triangle since the end of October. From a theoretical point of view, a breakout north from the pattern occurs in the nearest future. A potential upside target is the upper boundary of the medium-term descending channel located circa 3.24. Technical indicators for the 1W time frame support bullish...
The US Dollar has been depreciating against the Thai Baht in a short-term descending channel after the exchange rate reversed from the upper boundary of a long-term descending channel at 33.05. As apparent on the chart, the currency pair has breached the support level formed by a combination of the 100– and 200-period SMAs (4H). Given this fact, it is likely...
TP = 33.600 hit as the previous 1D Channel Up aggressively broke to the upside (as indicated by the 4H consolidation mentioned on the previous post) and peaked at 34.650. Now a new 1D Channel Down has emerged (RSI = 30.614, MACD = -0.139, Highs/Lows = -0.2244, B/BP = -0.4740) aiming at a Lower Low near the 31.850 support. We are short with TP = 32.000.