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U.S. Dollar / Thai Baht

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USDTHB trade ideas

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
USD/THB: Swing-Setup!Nice OPPORTUNIY to buy the coming BREAKOUT!Hey tradomaniacs, welcome to another free signal! Important: Get ready for a pullback after Breakout! Don`t safe your profits too early! ----------------------------- Type: Swingtrade Buy-Stop: 31.288 Stop-Loss: 31.246 Target 1: 31.340 Target 2: 31.378 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
2
Short USD/THB: Downtrend to ContinueUSD/THB is in a down-down trend, as evidenced by the 3-6-20 MACD signal line and 12-26-9 MACD signal line. It is also trading within a relatively wide channel (two parallel green lines). I have included the 7-day Moving Average as well, because since the middle of December, the MA has served as a reliable resistance level that the pair has yet to meaningfully break through in the new year. As some background, the pair began a long up trend in April, peaking in July at 33.525. Since then, has been a gradual down trend, with some potential reversals, but not enough to break the down trend. On the way up, the pair found support around 31.858 (horizontal green line), and that is the next major support line that the pair is moving towards. I think that the slight bounce that the pair has had over the last two sessions are within reason of the down-down trend, and I expect it to continue downwards. Trade: Sell USD/THB @ 32.023 Stop Loss @ 32.106 (previous day's high) - if it breaks above here, then the channel trend is also broken, implying a potential reversal in the down-down trend Take Profit @ 31.858 (level of significant support back in May and June) I've also included some previous resistances that the pair hit since it began its down trend in July. Notably, the blue horizontal line is the level of resistance back in early September that the pair failed to break through. You will see that more recently, this level of resistance was tested again in early December, and when that failed to break through, the pair continued downwards. The red horizontal line is another resistance level that was tested at the end of September. The pair initially failed to break through, but regained momentum in October to begin a short bounce upwards. However, at the end of the year, the pair began testing that resistance level again, this time as a support, and when it failed to find support, it broke through downwards, rather dramatically. This leads us to where we are today, in a down-down trend, and within a downwards channel.
Short
by BinaryPairing
USD/THB 1H Chart: Descending triangle in sightThe USD/THB currency pair has been trading in a descending triangle since the end of October. From a theoretical point of view, a breakout north from the pattern occurs in the nearest future. A potential upside target is the upper boundary of the medium-term descending channel located circa 3.24. Technical indicators for the 1W time frame support bullish scenario. However, important resistance level to surpass is a combination of the 55-, 100– and 200-hour SMAs in the 32.96 area. If given level holds, it is likely that the pair goes downside to the Fibonacci 38.20% retracement at 32.58.
by UnknownUnicorn890690
USD/THB 1H Chart: Bearish momentumThe US Dollar has been depreciating against the Thai Baht in a short-term descending channel after the exchange rate reversed from the upper boundary of a long-term descending channel at 33.05. As apparent on the chart, the currency pair has breached the support level formed by a combination of the 100– and 200-period SMAs (4H). Given this fact, it is likely that the downside momentum still prevails in the nearest time. The most probable downside target during the following trading sessions is the Fibonacci 50.00% retracement at 32.31. In the unlikely event that some bullish pressure still prevails in the market, the US Dollar should not exceed the Fibonacci 23.60% retracement at 32.94.
by UnknownUnicorn890690