| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇑ | ⇒ |
The US Dollar has been appreciating against the Thai Baht since the end of February. This movement has been bounded in the rising wedge pattern.
From the theoretical point of view, it is expected, that some upside potential prevails in the market for the short run, and the currency pair reaches the trend line located in the 31.90/31.95 range. If the given line holds, a reversal south occurs within the following trading sessions.
Otherwise, it is likely, that the exchange rate continues to rise. A possible upside target is the Fibonacci 38.20% retracement at 32.59.