While the longer term USDTHB trend is bullish the indicators show insights that a short term drop is likely until at least the Cosmic Gravity inner channel.
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Buy at 34.5 TP 36 comment Notice that the RSI OVS in TF DAY should be around eighty percent. Bounce, there will be some heavy drops, a small part, which the next bounce should be around 34.5. With each counted as a loop, it should come down to 38.2 Fibonacci so the next bounce should be a bounce of 36.
Just Don't Against The America! Shorterm Bounce up but not over Fibo 0.618 Midterm Down to 35-36THB/USD Longterm Dollar is Number 1 Bullish Dollar on Longterm Thai vs USA ? Sure USA win
Waiting for retest and preceding to buy at 35.807 level. 3:1 risk to reward. In case of stop will evaluate different levels.
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).
- 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...
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.
#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...
The 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...
USDTHB 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
Above and trending 200 MA Pullback Daily Chart has reversed Parrallell channel uptrend 0.618 Fib on Target 1 ATH
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...
Bullish breakout : Entry price 36.408 Take Profit 36.700 Stop Loss 36.272
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,...