| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| 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 within the rising wedge pattern.
From a theoretical point of view, it is likely that the USD/THB currency pair could trade within the given pattern until the end of April. Then, a breakout south could follow.
However, note that the exchange rate would have to surpass the resistance level formed by the monthly R3 at 33.03. If the given level holds, it is likely that a breakout south could occur in the nearest future. In this case the rate could gain support from the Fibo 61.80% at 31.18.