| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇗ | ⇒ |
The USD/THB exchange rate has been trading downwards within a falling wedge pattern since the beginning of April.
From a theoretical perspective, it is likely that a breakout north from the given pattern could occur within the following trading sessions. In this case the currency pair could re-test the psychological level at 33.20.
On the other hand, note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs in the 32.50 area. Thus, the rate could breach the given pattern south in the nearest future. Note that the rate could gain support from the Fibo 38.20% and 50.00%, located at 32.07 and 31.63 respectively.