| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The USD/THB exchange rate has been consolidating within an ascending triangle pattern since the beginning of August.
From the one hand, it is likely that the currency pair could breach the given pattern south in the nearest future. In this case the pair could gain support from the monthly S1 located at the 30.81 mark.
On the other hand, note that the exchange rate could gain support from the 55-hour moving average near 31.10. Thus, bulls could prevail in the market, and the rate could target the monthly R1 at 31.77.