| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
During November, the USD/THB currency pair dropped to the psychological level at 30.20.
Given that the exchange rate is pressured by the 55-, 100– and 200-period moving averages in the 30.28/30.70 range, it is likely that some downside potential could continue to prevail in the market.
Note that the currency pair could face the support level at 29.75. If the given level holds, a reversal north could occur. Otherwise, bears could continue to prevail in the market.