Indicator | 4H | 1D | 1W |
MACD(12;26;9) | Buy | Sell | Sell |
RSI(14) | Sell | Neutral | Buy |
Stochastic(5;3;3) | Sell | Sell | Neutral |
Alligator(13;8;5) | Buy | Neutral | Sell |
SAR(0.02;0.2) | Buy | Buy | Sell |
Aggregate | ⇒ | ⇒ | ⇘ |
The USD/THB exchange rate reached the support level formed by the Fibonacci 100.00% retracement and reversed south at the end of February.
Given that the currency pair is being supported by the 55-, 100– and 200-hour SMAs, it is expected that bulls prevail in the market within following sessions. Important resistance level to look out for is the Fibonacci 61.80% retracement at 32.03.
It is the unlikely case that bears prevail in the market in the nearest future, and the pair surpasses given support level.