4H | 1D | 1W | |
---|---|---|---|
MACD(12;26;9) | Sell | Sell | Sell |
RSI(14) | Neutral | Neutral | Neutral |
Stochastic(5;3;3) | Neutral | Buy | Neutral |
Alligator(13;8;5) | Sell | Sell | Sell |
SAR(0.02;0.2) | Buy | Sell | Sell |
Aggregate | ⇒ | ⇘ | ⇘ |
The USD/THB exchange rate continued to consolidate within the symmetrical triangle pattern.
From a theoretical perspective, it is likely that the currency pair could continue to trade sideways within the predetermined pattern in the medium term.
In the meantime, note that the exchange rate is pressured by the 55-, 100– and 200-period SMAs in the 31.40 area. Thus, a breakout south could occur in the nearest future, and some downside potential could prevail in the market.