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Thaibaht

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_Markets
1
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 QM_Dubrovsky
1
DDD Long TP: 26"A company without any debts cannot go bankrupt." At the worst point for the retail/personal care products, the management team has managed to turn a profit in the first half of 2021, mainly targeting The Philippines. VWAP lies at about 32THB. There is room for growth yet with DDD with multiple brands and markets, especially with the pent up demand from China. Financially, DDD is very strong with a fair-to-expensive price and consistent dividend payment. As 2022 approaches, DDD has high expectations ahead, and should be able to meet them with 30% increase in revenue (not necessarily profit margins).
DLong
by sheikhupura
Forex Euro vs ThailandA bit of forex sometimes is interesting, but i will tell you a secret, if you are succesfull to trade cryptos. You can trade everything in the world. Here a bit history : So Euro was pushed down for more than 10 years, post crises 2008 it was like a long bloodbath ! Thailand Major tourism inflation pushed Thai Bath a lot, riches peoples are happy when their own money is rocketing to the moon so they can fly to others countries and buy some chanel bags cheaper!. The big Problem off this theory is a Coin have 2 sides, when u push something very high for riches, tourists spend less money or change holiday country, finally at the end poors peoples are the most impacted and more suffering from poverty. Like you can see in the chart Euro Bounced at 32THB and this was the Lowest all time low EURO reached in 2000... and then in 2019 Euro Bounced again around 32 THB!! Magic... Actually Euro's trying to break the downtrend around 37 THB. Remember that Fibonacci told you that the story repeats all the time and this case is an pure exemple!, everything goes up have to go down and everything goes down have to go up. The world is working like that, there's no winners from Greed and Fear when the Balance is not adjusted correctly. Retracement according to Fibonnacci should be easy : - Short Term 40 THB - Middle Term 45 THB - Long Term 50 THB Happy Tr4Ding !
Long
by thecryer
2
KEX:LONG Possible VI Hold?Kerry Express has increased its deliveries by over 15 million packages (nearly 11%) over the same half year period as last year's, as well as reducing the costs (although the price per package fell too, resulting in reduction of gross profit - perhaps from falling consumer purchasing power in Q2). Future expansions include Kerry Cool Express (cold chain delivery) for temperature controlled goods, Kerry LTL for small freight, Kerry Wallet (a new payment system in partnership with SABUY). I believe Kerry will be Asia's UPS, Fedex or DHL, if not better. Systems will eventually be fully immersive and connected seamlessly between different countries. Definitely a VI hold, if one looks beyond the current domestic competition and economic situation. Price is fair and uptrending, as it should be for the market leader.
KLong
by sheikhupura
End of Downturn for BIGBIG Camera seems to have been through it's worst. Online sales seems to be doing much better, although site traffic is still in a downtrend. Now awaiting reopening of tourism which has a lot of pent up demand, while the camera boom 5 years ago seems to have completed its product shelf-life. Granted smartphone sales has taken a lot of the digital camera market, but accessories, travel and action related products as well as demand for visuals in the marketing industry (especially video) will play a big role. Predicting we will see a boom by the Q1 2021.
SET:BIGLong
by sheikhupura
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.
Short
by theforexportal
USDTHB: Short signal on the 1D EMA50.The pair is trading on a multi month 1M Channel Down (RSI = 35.185, MACD = -0.898, Highs/Lows = -0.7368). The price is now on the 1D MA50 (blue line) which since May 2019 has always initiated a new bearish leg. Since the 1D RSI is also approaching the usual 65.60 Sell Level, we are expecting a decline. Our Target is 30.000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
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
Short
by WhiskeyTangoFoxtrot3
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
by WhiskeyTangoFoxtrot3