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Thailand vs USA- 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 not only based on Tourism. - Importations will be much more expensive for Thailand, and they will get much less profits for exportations. - Thailand is the biggest exporter of natural rubber in the world ( around 14B annual ). Scenarios : - if DXY breakout his bullish trend and reach 120ish, we could expect to have 1$ = 39 to 41 THB - A panic sell of riches peoples and companies could lead to transform their THB to USD. Then THB could back to 2001 situation, 1$ = 45ish THB. Happy Tr4Ding !
by thecryer
USD/THB: Recovery coming...The near term chart shows all signs of a bullish breakout. Clearing 31.303 triggers a new (intraday) uptrend towards 31.54, 31.81 and perhaps a tat higher. Such a rally is nevertheless classified as a counter trend rally within the longer term down trend. moreover, it will be the first noteworthy recovery since the down trend commenced in Q4-2016<>Q1-2017. Weekly resistance levels come in at 31.58, 31.91 up to 32.30. So despite the significant upside potential the overall trend remains negative for the USD. Buying is justifiable but with elevated risk; no certainty that the projections will me reached and trading against the main trend. So much needs to be done to change the long term trend that we won't go into that now. Near term trend: neutral (positive > 31.303 Long term trend: negative Outlook: recovery likely Strategy: exit-short and/or trading-buy Support: 31.107 / 30.858* Resistance: 31.303 / 31.54 / 31.58 / 31.91 / 32.30+ Outlook cancelled/neutralized: below 31.107
by buyem_nl
BTCTHB60 - Bullish Bat - Pivot and TPI've spent time doing every possible chart I could come up with and I do believe that the Dominate Trend for BTC is Bullish. With this in mind, still I created counts for continued Bearish Trending. However, at this time, my Primary Count is here with the Bullish Bat and Take Profit Target included. This calls for another weekend of correction down to the major pivot, nearing a double bottom. The XA is extended form the D to acquire the projection by rule. Forgive me as I am busy, though we do have a Day Trading Group, trading Forex and Crypto. You may contact me with a message if you are interested to join us. Cheers!
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by The_Expat