USDT/THB 1D and 1H analysis$USD/THB Analysis on 1H and 1D Timeframes
1H: It appears that we’ve hit a bottom at $32/THB and have seen a solid bounce. The uptrend is likely to continue after a brief correction.
The MACD is resetting lower and needs some time to reach a bottom.
The RSI is very low, which indicates a potential short-term bounce.
Conclusion: We should stabilize above $33/THB in the short term.
1D: The daily chart presents a more mixed outlook. While it seems we’ve bottomed at $32/THB, the MACD still needs to reset, suggesting the current bounce is temporary. Additionally, the RSI is overbought, which points to a likely correction until November, when a downtrend reversal could be confirmed with a lower low.
Invalidation: If THB/USD falls below $32/THB, it means the bottom is not yet in, and the bounce was a bull trap or fakeout.
