Indicator | 4H | 1D | 1W |
---|---|---|---|
MACD(12;26;9) | Buy | Buy | Sell |
RSI(14) | Neutral | Sell | Neutral |
Stochastic(5;3;3) | Neutral | Sell | Sell |
Alligator(13;8;5) | Buy | Buy | Neutral |
SAR(0.02;0.2) | Sell | Buy | Buy |
Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar has been appreciating against the Thai Baht since the beginning of January after the USD/THB currency pair reversed north from the Fibo 100.00% at 29.75.
Currently, the exchange rate is testing the resistance level formed by the Fibo 61.80% at 31.18. Note that the rate supported by the 100– and 200-hour SMAs. Thus, some upside potential could prevail, and the rate could target the Fibo 38.20% at 32.07.
However, if the given resistance level holds, a reversal south could, and the currency pair could re-test the Fibo 100.00% in the medium term.