| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The USD/THB currency pair has been extending gains since the beginning of July, guided by an ascending trend line.
From a theoretical point of view, it is likely that some upside potential could prevail in the market. In this case the exchange rate could face the resistance range formed by the Fibo 38.20% and the monthly R2 in the 32.06/32.20 area.
If the given resistance holds, it is likely that a reversal south could follow, and the currency pair could re-test the support level formed by the Fibo 61.80% and the monthly PP at 31.18.