| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The US Dollar has been depreciating against the Thai Baht since the beginning of June. This movement has been bounded in the short-term descending channel.
Note, the currency pair has reversed north from the lower boundary of the long-term descending channel at 31.15. Thus, bulls could prevail in the market, and the pair could breach the junior channel north. The possible upside target—the upper line of the senior channel, located circa 31.85.
However, if the junior pattern holds, it is likely, that the exchange rate could continue to trade down within it. Note, that the rate could be supported by the lower boundary of the senior channel located in the 31.10/31.15 range.