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USDTHB

USDT/THB 1D and 1H analysis$USD/THB Analysis on 1H and 1D Timeframes 1H: It appears that we’ve hit a bottom at $32/THB and have seen a solid bounce. The uptrend is likely to continue after a brief correction. The MACD is resetting lower and needs some time to reach a bottom. The RSI is very low, which indicates a potential short-term bounce. Conclusion: We should stabilize above $33/THB in the short term. 1D: The daily chart presents a more mixed outlook. While it seems we’ve bottomed at $32/THB, the MACD still needs to reset, suggesting the current bounce is temporary. Additionally, the RSI is overbought, which points to a likely correction until November, when a downtrend reversal could be confirmed with a lower low. Invalidation: If THB/USD falls below $32/THB, it means the bottom is not yet in, and the bounce was a bull trap or fakeout.
by CryptoNikkoid
1
U.S. Dollar / Thai Baht - Reversal incoming ???Hey Traders We have USD/THB here on chart, my weekly fundamentals are telling me we have a potential for a reversal from demand zone, if you follow my charts I am using weekly charts for my analysis and daily chart to zone in on demand or supply to get area more accurate to place our buy or sell limit. So details are on chart where I am placing buy limit and sl and tp Please like comment and follow cheers This chart material is for education purposes only / Demo account should be traded only
Long
by Costy13
12
USDTHB Renewed Demand for USD In Short TermBased on previous Black Friday Sales, it is clear to me that Aha! Now I know #002 is the next pre-release initial investors buying in cheap period before the other market players catch on. There is never certainty that this time round's Black Friday Sales will be a success, and if it happens to fail, I would exit for a small loss as usual, probably at 40% of my 1R risk. But it depends. What I expect from here on is some insider buying and selling before international release of the USD which would drive demand upwards for the short term, where at the peak(hopefully) we would sell for a neat profit. I am looking at this pair on the Daily, down to 4H, however, the train has departed on the 4H, and it is giving us a second chance at the toilet stop, which allowed us to hop on with little we have, hoping to sell what we have for a profit at townhall. The demand is not certain however, so we can only keep on trying. As long as we show up enough times, we will make a profit. Just keep showing up, and cutting our losses quickly(to minimise internal damage) and cutting losses small(to prevent financial damage) and all will be good in the long run(hopefully). 1602SGT 25032024
Long
by ProfessionalDuckHunter
The comeback of the 1997 Asian Financial Crisis in near futureAsia will be shaken to the core once again, but that's good news for China, first, for CCP it is an opportunity to step in and replace dollar with yuan, making countries in Asian region to submit to the Yuan power, de-dollarization of Asia. The first crisis was triggered by the handover of HongKong to China, this time it will be takeover of Taiwan by China. Fractals on USDTHB charts strongly suggests everything that is said above.
Long
by init4datech
5
USDTHB is on the due course to visit 36 likely in coming weeks.Irrespective of any economic News coming from Feds or any political uncertainty from Thailand does not bother me too much. However I believe in chart patterns and ongoing price action on the pair. As far as USDTHB is concerned the price broke Resistance area at 34.60 on 3.Aug.23 and now has become a strong support. 2nd price is well above support trend line and 3 EMA 20 50 and 200 respectively on Daily Timeframe. There can be a possibility of price to test resistance at 34.28 and then go in hibernation mode for days for the next move higher. Point to be noted that price yet to test current TL SUPP and EMA on Daily Timeframe. And if that holds then we could see another move higher in coming days or weeks. Fingers crossed.
Long
by mnbarlas-fx
USDTHB - long scenarioHi Everyone!✋🏽 The correction of the clear uptrend is valid at the moment on the daily chart (the one I use to define the trend). Nice hammers printed on the daily, and although market may still test the daily or the weekly S/R zones, there is a chance that it may turn and go in the direction of the trend. For it to happen, there is an early entry zone, but market is ending the correction, so it may be a sideways or zig-zag market in the accumulation zone, but once the higher long trigger zone is bought, targets are marked by the H4 target fibonacci levels. So, it's an early idea, maybe there won't be a turnaround, but if there will be, we'll be ready to react... ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Trade safe! ⚪️⚫️ ---------------------------------------------------------------------------- Thanks for reading my analysis!🤘🏽 Remember that trading is a risky business. SIZE your TRADES according to your risk aversion! Please remember to support the idea with a BOOST or COMMENT with your highly appreciated opinion! ----------------------------------------------------------------------------
Long
by TheMarketFlow
1
Thailand vs USA- A good point for Tourism in Thailand, the country could get much more US/EU customers in 2022-23. - in return it will be much more pain for Thai Peoples to visit USA and EU. (Euro is weak vs USD, but strong vs THB). - Tourism still remain a big economic factor for Thailand, and much more important right now, after Covid Pandemic. - The big problem is : Economy not only based on Tourism. - Importations will be much more expensive for Thailand, and they will get much less profits for exportations. - Thailand is the biggest exporter of natural rubber in the world ( around 14B annual ). Scenarios : - if DXY breakout his bullish trend and reach 120ish, we could expect to have 1$ = 39 to 41 THB - A panic sell of riches peoples and companies could lead to transform their THB to USD. Then THB could back to 2001 situation, 1$ = 45ish THB. Happy Tr4Ding !
by thecryer
USDTHB is in possible buy zone!!USDTHB( D ) is moving in a strong up trending market. creating a series of higher high and higher low. Currently, the price has just tested daily previous swing high previous resistance as support and it is weekly 50% fib level. On a daily there is a strong rejection candle has formed. It is a high probability that USDTBH will continue to rise from this level in the new trading week. Thank you for visiting this idea. Press the like button if you find value in this idea :)
Long
by ForexWizard01
USDTHB 28th APRIL 2022Thailand is the second largest economy in Southeast Asia. In the fourth quarter of last year, the country was helped by strong exports and the easing of Covid-19 restrictions. Bank of Thailand (BOT) estimates that the Thai economy will continue to expand in 2022 and 2023 despite rising inflation . Meanwhile monetary policy tightening may have to wait until the economy recovers stronger. The Central Bank of Thailand will continue to support the economy as it has left the key interest rate at a record low 0.50% since May 2020.
Long
by DNP-FX