The double bottom is not confirmed yet: the day has to close above the horizontal line. But if it closes: consider going long.
Gartley formed, fairly clean, RR is just over 1.
thb seems to be weakening against the usd. i am looking at price to go up further towards then next zone at 35.4
not sure what to expect ... the initial move after the announcement with -0.17% is kind of weak
Long usd/thb..............stop at 35.15............
The chart is self explanatory and given the current situation locally I think this has a potential for 35.80 and even 36.42 ( both previous tops ) Entry was at 35.00 when it broke the previous high , for half the position and will add same again through 35.20 with a stop below 34.90 If the usd/thb does materially rise then being some 7% of the sgd neer ,I think...
USDTHB hit support. if the support works, USDTHB may rebound to 35/35.28, if breaks, heading towards 33.5
Baht continues to strengthen compared to USD; Short USD and Long Baht
prepare for breakout above 36.000 setup go long position
Is a 35 baht baht depreciation | Daily News. "Minister Treasury expected the baht depreciated touch 35 baht per US dollar. Point is not the right moment to downgrade Thailand's policy rate down. " "You mean the tax minister, said library now have the opportunity to see the baht weakened to 35 baht per US dollar. This is a result of the US financial superpower. To...