| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Buy | Neutral | Sell |
| Stochastic (5; 3) | Buy | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar had been consolidating against the Thai Baht for two months prior to swiftly changing this sentiment to bearish on Friday, August 17. Up until mid-today, the pair had plunged 1.73%, thus breaching two channels. The most common market reaction to such plunges is a recover.
Considering the strongly oversold technical indicators on the 1H and 4H time-frames, it is very likely that this upside momentum starts prevailing within the nearest time. The most probable upside target during the following week is the 55-, 100– and 200-period (4H) SMAs and the monthly PP circa 33.25. The breached channel line is likewise located in the given area.
In the unlikely event that some bearish pressure still prevails in the market, the Greenback should not exceed the 100-day SMA and the monthly S3 at 32.40.