Monthly Inverted Head & Shoulders: MACD/RSI Bullish Divergence.We have an Inverse Head and Shoulders Visible on the Monthly timeframe with triple MACD and RSI Bullish Divergence and a Monthly Bullish Engulfing. I will position now and take profit at the neckline and then again at the previous ATH.Longby RizeSenpaiUpdated 111
USDTHB H4#USDTHB H4 -->HH HL - - TF Day Up Trend - TF H4 Up Trend - TF H1 Up Trend --------- - Support 35.800+/- - Support 35.000+/- --------- - SL 50 pip --------- “All this analysis is speculation only. Investor discretion is recommended. in the decision" --------- #Forex #ForexhaufuuinvestorsFX #TraderHaufuu #GOLD #USD #GBP #JPY #Forextrading #Forex #GBPJPY #Trading #USDJPY #EURUSD #NASDAQ #EUR #EURUSD #USDTHBLongby HaufuuInvestorsFX111
Expectation in the continuation in the uptrend - USDTHBThe recent uptrend in USDTHB as expected took a breather but without any significant sell-off. Although it failed to break the long-term resistance at round 36.50 it may only be a matter of time until it does. I fully anticipate the recent strength shown to translate into further gains Ultimately, I am looking for further gains the reach the next resistance areas at 38.22 and beyond. So, hopefully this may be good for some 150 pips with limited downside risk given the current strength of the dollar The 0.618 FIB level as shown providing support as it already defended any sell pressure a few days ago.Longby h_g_l0
3rd top in 14 years on USDTHBUSDTHB is trying again to break above for the 3rd time in 14 years. I feel the chances are for a good for an initial pull-back OANDA:USDTHB Shortby h_g_l111
USD THB BULLLISH ATHAbove and trending 200 MA Pullback Daily Chart has reversed Parrallell channel uptrend 0.618 Fib on Target 1 ATHLongby K11vin110
USDTHB is in possible buy zone!!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 the new trading week. Thank you for visiting this idea. Press the like button if you find value in this idea :)Longby ForexWizard015
USD/THBBullish breakout : Entry price 36.408 Take Profit 36.700 Stop Loss 36.272 by Berzerk_invest224
What does the DeMarker suggest for the Thai Baht?The US dollar/ Thai baht (USDTHB) has been rallying to the bullish side. Hawkish Fed policy has remained the key source of dollar strength, but one may still wonder if the trend will continue or if it is already oversold and is bound for correction. A unique indicator used to identify if a trend is oversold or overbought is the DeMarker indicator. The DeMarker, or "DeM" for short, is an oscillator that compares the most recent maximum and minimum prices to the previous period's equivalent prices. This comparison attempts to assess the directional movement of the market. The DeMarker was created as a leading indicator, thus giving traders a possible signal for an imminent trend switch. Unlike the most used oscillator tool, the Relative Strength Index indicator or "RSI," the DeMarker focuses on intra-period highs and lows rather than closing prices. In the chart, we see the DeMarker indicator highlighting the overbought and oversold conditions. Using the DeMarker indicator, we could check if the level is below 30 and considered oversold, or above 70 and considered overbought. An oversold condition might signal a move to the upside, while the overbought condition is typically a sign that the price may begin to fall. With the help of a moving average, we could determine the current price trend before taking a position. For the USDTHB pair, we could see that the price in the daily timeframe is presently above the 200 EMA period, which indicates the USDTHB is on a bullish uptrend. Looking at the DeMarker indicator, which previously broke above the 70-level last week, suggests that the price is in extremely overbought territories. Since then, the pair has made a pullback and may head towards the 35.5 level to create a higher low in the current uptrend before the DeMarker indicator gives another signal for a potential trend continuation to the upside.by BlackBull_Markets116
USDTHB $USDTHB Long ScalpUSDTHB $USDTHB Long Scalp. TPs on the chart. 100-200x leverage. Move SL on TP.Longby loxxUpdated 2
USDTHB will soonly HIT 37.79USDTHB just recently hit resistance at 34.735. There is a high chance to retrace at 34.330 , 34.000 or 33.823 before rally to 37.79 If USDTHB break 37.79 , it will possibly reach 44.64. Even 59.75 or 80.17 if there is a crisis or THB price attack at that time.Longby DavidBeckfilm2
USDTHB SELLThe fifth wave is extended, and now it is about to end, the slope is slowing down, the RSI is deviating, it can be shorted, and the target is the starting point of the second sub-wave of the fifth wave.Shortby turboley4
USDTHB 28th APRIL 2022Thailand 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 economy recovers stronger. The Central Bank of Thailand will continue to support the economy as it has left the key interest rate at a record low 0.50% since May 2020.Longby DNP-FX7
USDTHB : Broken out the triangle Next target is 36 . Would we get high like JPY :)) Longby baby_rhino6
USDTHB : Bullish (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 free to share your thoughts, Trade safe and fun!Longby baby_rhinoUpdated 5
USDTHB Long ScalpUSDTHB Long Scalp. 100X leverage, TPs on the chart. SL is liquidation. Longby loxxUpdated 1
W10 - 1 _ Short Term Bearish Idea _ USDTHB H1The price action which was moving down has retraced just shy of ~61.2% of FR of the last leg. It has formed Bearish Divergence on MAs and Histogram of MACD indicator. The price action has also formed an Evening Star Candle pattern. All these evidence presents bearish pressure, and we can expect a move down. Target is the most recent resistance level which had been support multiple times in the past. Protection is at 61.2% FR of the down leg. by ansfar4
USDTHB Short ScalpUSDTHB Short Scalp. 100x leverage. TPs on the chart. SL is liquidation. Shortby loxxUpdated 1
USDTHB Short ScalpUSDTHB Short Scalp. Targets on the chart. 100X leverage. SL is liquidation. Shortby loxxUpdated 1
USD/THB Everything is on the chart Feel free to comment / share ur ideas Trade safe and fun Longby GloomyBoar2
Thai Baht May Outperform as Tourism Slowly Boosts EconomyThe 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 hampered due to the global pandemic. But, as countries around the world gradually move forward with vaccinations and natural immunity, a gradual comeback in local tourism may boost the economy, perhaps setting the Thai Baht on course to outperform in the medium to long term. In the event of a turn higher, critical resistance seems to be the 33.861 - 34.000 resistance zone, where breaking above may open the door to resuming the dominant uptrend. Further Covid-19 variants also risk derailing domestic growth expectations. Clearing the 200-day SMA exposes the November and August lows. In the long run, key below seems to be the 29.718 - 29.842 range.by dvdubrovsky114