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USDTHB trade ideas

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by deep-trader7
1
USDTHB - long scenarioHi 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 market is ending the correction, so it may be a sideways or zig-zag market in the accumulation zone, but once the higher long trigger zone is bought, targets are marked by the H4 target fibonacci levels. So, it's an early idea, maybe there won't be a turnaround, but if there will be, we'll be ready to react... ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Trade safe! ⚪️⚫️ ---------------------------------------------------------------------------- Thanks for reading my analysis!🤘🏽 Remember that trading is a risky business. SIZE your TRADES according to your risk aversion! Please remember to support the idea with a BOOST or COMMENT with your highly appreciated opinion! ----------------------------------------------------------------------------
Long
by TheMarketFlow
1
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
Expectation in the continuation in the uptrend - USDTHBThe 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 at 38.22 and beyond. So, hopefully this may be good for some 150 pips with limited downside risk given the current strength of the dollar The 0.618 FIB level as shown providing support as it already defended any sell pressure a few days ago.
Long
by h_g_l
USDTHB is in possible buy zone!!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 the new trading week. Thank you for visiting this idea. Press the like button if you find value in this idea :)
Long
by ForexWizard01
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