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U.S. Dollar / Thai Baht

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USDTHB trade ideas

Thailand may not smile as much as before - USDTHBThe one country that many tourists love to visit is Thailand. It has great food, shopping and friendly locals. But since July 2018, the baht has appreciated so much against the USD (same for SGD) that things are getting more expensive now in Thailand. July 2018 - 1 USD = 34.656 THB Dec 2019 - 1 USD = 30.178 THB China tourists is probably the biggest outbound travellers that any countries would love to have them. Not so for Thailand as in this article :https://www.scmp.com/magazines/post-magazine/travel/article/2166804/thailand-disturbed-sharp-decline-chinese-tourists How about the stock market ? Funds are fleeing as well apparently :https://www.thestar.com.my/business/business-news/2019/12/12/thailands-stock-market-seen-reeling-from-foreign-exodus Let's hope the signing of the US-China trade agreement will give the much needed boost it needed both for the stock market and its currency. I missed Tom Yum, the beaches, Pad Thai, OMG.............
by dchua1969
36 baht per USD target. Long prediction. This is a descending wedge which are bullish. In the long run, monthly I see a target of 36 in the years to come. World trade and spending are slowing in the macro economic picture and EMs will not hold up! If you have baht, time to sell and reverse positions as 29 or 30 baht per dollar will NO WAY hold much longer. This kind of rate is totally ridiculous in the grand scheme of world economics. These FX currency flows into Thailand (despite huge tourism numbers decreasing) is a suckers market. Its mostly Chinese construction companies laundering money to get money out of china to build more Bangkok condos which nobody is buying! (Huge numbers of unsold condos in Bangkok in 2018, apprx 650,000 unsold units, should be higher in 19" and 20's!). To think Thailands economy is strong is misleading, its a house of cards. I have been living in Thailand on and off since 2010 so know things from feet on the ground. 30/USD is just way overvalued. Watch for the break out from the wedge and indicators that go along with it.
Long
by Kamiwhale
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 fomred bullish butterfly | Upto 4.5% bull move.Priceline of US Dollar / Thai Baht forex pair has formed a bullish butterfly pattern and entered in potential reversal zone to hit the sell target soon insha Allah. This PRZ area is also a stop loss point, in case of complete candle stick closes below this area. MACD is turning bullish, it was strong bearish now turned weak bearish. RSI is oversold. Stochastic is oversold. Volume profile of complete pattern is showing less interest of traders at this area. I have used Fibonacci sequence to set the targets: Buy between: 30.772 to 30.397 Sell between: 31.064 to 31.770 Enjoy your profits and regards, Atif Akbar (moon333)
Long
by moon333