| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Sell | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇘ | ⇒ |
After significant drop to the 29.75 level, the USD/THB exchange rate managed to jump to the 30.15 mark. Currently, the rate is testing the resistance level formed by the monthly R1 at 30.20.
Note that the currency pair is supported by the 55-, 100– and 200-hour moving averages in the 30.10 area. Thus, it is likely that some upside potential could prevail in the market, and the pair could reach the 30.40 level.
However, if the given resistance level holds, it is likely that a reversal south could occur in the nearest future. In this case the exchange rate could re-test the 29.75 level.