The Thai Baht has been appreciating against the US Dollar since the end of August. This movement is bounded by a descending channel. Currently, the currency pair is trading near the lower channel line at 32.43. From the theoretical point of view, the pair could reverse from the lower boundary of given channel and aim for the resistance cluster formed by a...
The previous review of the USD/THB currency exchange rate concentrated on the newly formed less steep bullish pattern. On Tuesday, the pattern was still in force, as the currency exchange rate was declining in the borders of it. However, something else attracted the attention of Dukascopy Analytics. Namely, a long term, large scale channel up pattern was spotted...
Friday's close to confirm this weekly chart...
USDTHB should enter a consolidation phase on 4H (as seen on the Rectangle with high volatility, ATR = 0.0861) in order to bring down the overbought values on the most recent bullish run on the 1D Channel Up (RSI = 72.893, Williams = -12.000). The suggested course of action is to buy on every dip within the Rectangle, TP = 33.600.
Potential IH&S PO at 45-46 area
This pair broke above the long term resistance (yellow) last month. EM currencies suffer a lot these days amid strong dollar and rising yields. USDTHB could finish triangular consolidation soon. The target for the further rise of USDTHB is set within the orange box at the 0.382-0.618 Fibonacci. Wait if price could break above the triangle's upside.
The US Dollar has been trading in an ascending channel against the Thai Baht for the last two months. This has guided the pair from its 2014/2018 low of 31.10 towards the 61.80% Fibonacci retracement at 32.20. From theoretical point of view, the pair has failed to form a new high this week which might be an early indication of a new wave down. In case the senior...
Hitting new low already for USDTHB. Move in sync with USDSGD!
Price has tested Weekly supply, Over exceeded demand, Producing Daily supply, Price coming up to Daily supply, I'm looking to short here. Limit order placed based on 3 timeframe analysis. If it hits my SL, I can always re entry as long as there is sign of sellers. If you are applying Supply & Demand methodology in your trading plan, or mere interest, Be sure...
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...
My concept chart 1. one troy ounce is exactly 31.1034768 grams, 2. Thai gold 1 baht = 15.244 grams. Thai gold have relation between XAUUSD and USDTHB but "Thai gold price" was declared from "Gold Traders Associations" (www.goldtraders.or.th) . It have some different price from calculation method , step of price , fee , political ,market in Thai and ... Blahh...
The double bottom is not confirmed yet: the day has to close above the horizontal line. But if it closes: consider going long.
usdnok --------- usdcad +98 (1M) usdthb +73 (1W) usdsgd +96 (1D) Correlations provided by: myfxbook.com --------- Not Investment Advice ---------