Thai Baht (THB) ⇨ US Dollar ($)(THBUSD) Trading Outlook

Thai Baht (THB) ⇨ US Dollar ($)(THBUSD) Trading Outlook

Thai Baht (THB) ⇨ US Dollar ($)(THBUSD) Trading Outlook

HEFFX Notes Thai Baht

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 35.13.

The projected upper bound is: 34.84.

The projected lower bound is: 34.32.

The projected closing price is: 34.58.

FOREX THB= closed unchanged at 34.590. Volume was 95% below average (consolidating) and Bollinger Bands were 7% narrower than normal.

Open           High           Low           Close           Volume
34.580        34.620        34.560     34.590        267

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period           50-period           200-period
Close:                       34.82                   35.04                   35.45
Volatility:                7                             5                           5
Volume:                  4,986                   5,041                   5,437

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

FOREX THB= is currently 2.4% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of THB= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on THB= and have had this outlook for the last 13 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

Thai Baht

HEFFX Momentum Thai Baht

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 11.5702. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 6 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 34.57. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 59 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -153.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 2 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 2 period(s) ago.

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