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THAI BAHT / U.S. DOLLAR

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THBUSD trade ideas

USDTHB a good runner when the Dollar is strong This pair has been quiet this week, which is why I think it will start running again today. USD CHF struggles a bit for longer term direction as technically price is below the the daily 200ema which of course presents a bearish scenario. What I also like about Long USDTHB is that you can see in the 30m chart its price action has recently exited a huge 30m falling-wedge & triangle that complicated its Long-momentum. The USD is expected to strengthen on the back of recent weakness, so perhaps it wont be long until this gets above it's 200 daily ema.
Long
by Easy_Explosive_Trading
1
Trade Signal: USDTHB - Sell OpportunityWe have identified a promising opportunity for the USDTHB currency pair. Our analysis, powered by the EASY Quantum Ai strategy, suggests a downward movement for this pair. Below are the trade details: Direction : Sell Enter Price : 33.12 Take Profit : 32.92633333 Stop Loss : 33.41233333 Rationale for the Trade : 1. Technical Indicators : The recent price action shows a consistent downtrend reinforced by moving averages and trend-following indicators. Resistance levels have been tested and failed to break through, indicating strong selling pressure. 2. Economic Data : The latest economic data points from the United States reveal weakening growth prospects. Coupled with dovish statements from the Federal Reserve, the USD appears to be under continued pressure. 3. Risk Sentiment : In the context of global financial markets, investors currently exhibit a risk-off sentiment due to geopolitical uncertainties, favoring less volatile currencies over USD. 4. Market Sentiment : Based on our sentiment analysis, the majority of traders are net short on USDTHB, which often precedes further downside movement as the majority are betting against the pair's rise. Our EASY Quantum Ai strategy has consistently provided reliable signals by combining these factors into a cohesive model. We recommend monitoring this trade closely and adjusting positions in accordance with market developments. Happy trading!
Short
by ForexRobotEasy
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
THB Extended Wave 3: A Wave 4 Correction on the Horizon? The USD/THB pair has experienced a notable strengthening of the Thai Baht, which has extended into a pronounced Wave 3, as indicated by the Elliott Wave pattern on the chart. This movement has driven the price down significantly, with the Fibonacci Extension level surpassing the critical 200% mark. This substantial drop suggests that the third wave was particularly powerful, often referred to as an "extended wave," which is a common occurrence in strong trends. Traders observing this pattern may now be anticipating a Wave 4 correction. Typically, after such an extended move, the market tends to pause or retrace before continuing in the direction of the trend. As we move forward, it will be crucial to watch for signs of this anticipated correction, which could offer opportunities for traders looking to capitalize on the pullback before the final fifth wave unfolds. The market’s behavior in the coming sessions will be critical in determining whether this correction materializes, providing a potential entry point for those who have been waiting on the sidelines.
by Tanakorn_Koomrampai_CMT_CFTe
Signal Alert: USDTHB - Buy OpportunityDirection: Buy Enter Price: 36.05 Take Profit: 36.225 Stop Loss: 35.835 Dear Traders, We have identified a potential buy opportunity for the USDTHB currency pair based on our thorough analysis using the EASY Quantum Ai strategy. Here are the factors that justify this prediction: 1. Technical Indicators: Our strategy highlights that USDTHB is currently showing strong bullish signals. Key technical indicators, including moving averages and RSI (Relative Strength Index), suggest upward momentum. 2. Market Sentiment: Positive market sentiment towards the USD, possibly due to recent economic data releases, increases the likelihood of a rise in value. 3. Economic Factors: Recent economic trends and data from the US indicate potential dollar strength, while the Thai Baht may be facing pressures from local economic challenges. Our recommended Enter Price is 36.05. Based on our analysis, setting a Take Profit at 36.225 captures a favorable risk-reward ratio, while the Stop Loss at 35.835 ensures protection against potential downside risks. We encourage you to consider this setup according to your trading plan and risk management practices. Happy Trading!
Long
by ForexRobotEasy
Trade Signal: USDTHB PairDirection: Buy Enter Price: 36.1 Take Profit: 36.335 Stop Loss: 35.83 Traders, we have identified a promising opportunity with the USDTHB currency pair. Here's why this trade deserves your attention: 1. Technical Analysis: The pair has shown a strong upward momentum recently, breaking through significant resistance levels. This price action suggests a continued bullish trend, making now an ideal entry point. 2. Economic Indicators: Recent economic data from the United States, including robust job growth and a healthy GDP report, suggests a stronger USD. In contrast, Thailand's economy has exhibited signs of slower growth, providing further support for USD strength. 3. Market Sentiment: General market sentiment towards the USD is positive, as investors continue to seek safe-haven assets amidst global economic uncertainties. This favorable sentiment is expected to sustain the upward trajectory of the USDTHB pair. Our analysis and forecast are executed with the sophisticated EASY Quantum Ai strategy, ensuring a high level of precision and reliability in our predictions. This is a prime opportunity to capitalize on the pair's anticipated movement. Execute the trade as per the specified levels and monitor the market for any developments that could impact your position. Happy trading!
Long
by ForexRobotEasy
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