| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Sell | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
The USD/THB currency pair reached the lower boundary of the long-term descending channel located circa 31.20 at the end of January.
As apparent on the chart, recently the exchange rate re-tested the lower channel line. From a theoretical point of view, bulls should prevail in the market within following sessions. A possible upside target is the resistance level formed by the monthly PP at 31.63.
If given does hold, the rate reverses south and targets the Fibonacci 100.00% retracement at 31.11. Otherwise, the pair goes towards the Fibonacci 61.80% retracement at 32.03.