Thai
THAI stands above MVAVG It stands above MVAVG after 50% pullback from the previous peak. Good momentum.
SELL THB/GBP Good opportunity for a SET & FORGET SHORT tradeHaving lived in Thailand for 7 years I frequently watch the Thai Baht exchange rate. Since I left in 2010 and before the THB has strengthened against the GBP. At one time I was getting BAHT to the GBP now its exactly half that.
My contacts in Thailand are telling me Thailand is suffering as a consequence of Covid-19 hitting the tourism sector hard and the economy is poised to fall into recession which may be long. Looks a good time to SELL THB/GBP for a trade that might be active for many months possibly years.
USDTHB Potential Bullish MovementUSDTHB Potential Bullish Movement
we are waiting for a momentum candle close above 32.870 to buy this one
Reason:
1- Divergence on MACD (in red)
2- Objective Wedge (in blue)
3- Double Bottom (in purple)
Three confluences are enough to consider Buying USDTHB, after a break below 32.870 (in gray)
*unless price broke below our double bottom pattern (purple zone), then this one may resume its bearish trend.
TMB uptrend incomingUptrend signal is incoming to TMB, after the prices solidly down for so long. If prices can reach more than 1.67 - 1.70, It will be significantly upped.
USDTHB hits the support of channel | a good long opportunityThe 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)
USDTHB Downward Trend Continues 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 remains downward sloping and a continued weakening of the US dollar. Moreover, price action remained in theshort-term trend line resistance range at the week's end reinforcing the notion that linear downward resistance is difficult to break. Additionally, the technical picture for USDTHB over the next week looks like it could revert back to the mean where RSI points towards overbought and the bull bear indicator suggests USDTHB long is overcrowded. Meanwhile, exponential moving averages also suggest continuation of our downward trend. In sum, USDTHB is still short.
For more of my analysis, please check out www.anthonylaurence.wordpress.com
USDTHB Stalled Momentum, Still Trends DownOrdinary 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 of the view that we still need to trend down a bit more before this sentiment can be achieved.
If you are interested in any more of my analysis that focuses on foreign exchange and equities, please check it out here anthonylaurence.wordpress.com
PTT (SET Index Thailand) Using the basically technical analysis (Support and Resistance) and fundamental. I expected the price of PTT will go up in the short term depend on the oil price. Based on the oil price, now the price of it also touched the resistance at 42.20 US per Barrel in D time frame then the price go up to approximately 48.20 because of OPEC. Now we should looking closely at the price of WTI on Monday morning to support the technical analysis. If the price continue go up, it will the good opportunity to long position (Don't forget your money management because there is no one know exactly about price in Stock market). Happy trading everyone.
buy long/call AMATA the buy candle stick occurred at support line 22. Consider as buy signal the stock performing bullish flag the target price 26/28 which is 15% from this point is might irresistible trade.
USD/THB 1H Chart: Reveal of dominant patternThe 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 on the larger time frame charts. It might be possible that in the near future the bounce off from this trend line forces the rate lower and gives it enough strength to break the medium scale ascending pattern.
However, in the short term watch the support of the 55-hour simple moving average, which clearly provided support on Tuesday.
USDTHB. Triangular consolidation is possible.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.
USD/THB Breaks long term SMAsThere is something about the USD/THB pair that you can observe only by changing the time frames of the charts while having set up them to show the 200-period simple moving average.
Namely, the most important is the fact that the currency exchange rate has passed the 200-day SMA, which has kept the pair lower since the start of 2017. In addition, the four hour time frame 200-period simple moving average has recently been broken.
As a result of these moves in a combination with the passing of the weekly R1, the rate began a surge. The surge is set to be paused by a monthly pivot point at 31.30. However, above that there is almost nothing until 31.40.
SGD/THB Daily Update (16/11/17)Probably 24.2 would hold the price.
25 would be a good price to go change your dollar and fly to Thailand for holiday.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
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Thai Gold AnalysisMy 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 Blahh .
price unit is Thai bath per grams.
after I compare chart , It have many wicks on chart like this link
I change price so testing in Daily with Line chart.
Price in range 20,200 - 20,900. It have potential down below 20,200 in middle term.
Other analysis at t.me
USDTHB: Double bottom forming?The double bottom is not confirmed yet: the day has to close above the horizontal line. But if it closes: consider going long.
