| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The USD/THB has been trading down since the end of April after it reversed south from the upper boundary of the medium-term ascending channel at the 32.12 mark.
Currently, the exchange rate is testing the lower channel line at 31.42. From a theoretical perspective, it is expected, that a reversal north could occur in the nearest future. However, the rate has to surpass the resistance cluster formed by the 55-, 100– and 200-hour SMA located in the 31.62/31.84 range.
If the given resistance holds, it is likely, that a breakout south could occur soon. A possible downside target is the Fibonacci 100.00% retracement at 31.11.