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U.S. Dollar / Thai Baht

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USDTHB trade ideas

USD/THB 4H Chart: Breakout form triangle 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 sudden surge is unlikely. However, in larger perspective the soar is expected to continue, as in the end of November the pair made a rebound from the lower trend-line of a four-month long descending channel. An upcoming decision on the US interest rate hike as well as growing economy also point out in favour of further appreciation of the buck. To certain extent, market sentiment confirms this assumption, as 72% of traders are bullish on pair. However, such common view might be also a signal of the upcoming turnaround.
by UnknownUnicorn890690
The best trading time for each pair of currenciesThe foreign exchange market operates around the clock, so it is impossible for a trader to track every market and seize every opportunity. In forex trading, time is everything. In order to design an efficient and timely investment strategy, it is necessary to record the market for 24 consecutive hours of trading, so that traders in their own trading hours, to seize the maximum trading opportunities. If you know a certain currency in which time period will be the largest or smallest amplitude, there is no doubt that the trader will help to better allocation of capital, improve investment efficiency. Asia‘s foreign exchange transactions are carried out in the central financial district. Tokyo is the most important trading center, it is the first opening of the Asian market, many large participants often its trading volume as a benchmark to evaluate the dynamic change of the market, and to develop the corresponding trading strategies. For investors who can withstand greater risk, G/J, U/J is a very good choice, because they are more volatility , short-term traders can get more profitable opportunities. Day traders in Asia market position, waiting for the European market opening
Education
by WSBChairman
3
Buy usd/thb 35.00 add through 35.20 , stop below 34.90The chart is self explanatory and given the current situation locally I think this has a potential for 35.80 and even 36.42 ( both previous tops ) Entry was at 35.00 when it broke the previous high , for half the position and will add same again through 35.20 with a stop below 34.90 If the usd/thb does materially rise then being some 7% of the sgd neer ,I think it means usd sgd also has the potential to advance to 1.3850 from the current 1.3750
Long
by natalius64