USDTHB to Weaken as Protests Continue

Posted by: : Shayne HeffernanPosted on: November 6, 2013 USDTHB to Weaken as Protests Continue

Open 31.2400
High 31.2400
Low 31.2400
Close 31.2400
Change -0.0300 (-0.10%)

Volume Today: 100 shares.

Aroon

There were no Aroon signals generated today. The last signal was a Buy 56 period(s) ago.

Directional Indicator

There were no Directional Indicator signals generated today. The last signal was a Buy 75 period(s) Ago.

MACD

USDTHB to Weaken as Protests Continue

The Thai Baht looks set to head towards 32 as new political tensions weigh on the market.

This is a buying opportunity, at 32 and above the Thai Baht is great value. Long term our Thai economic outlook remains upbeat.

While newspapers beat up the protests etc, it has become a part of the Thai political process and should not concern investors.

The Stock Exchange of Thailand has done well today but the outlook for the Baht is weak in the short term.

There were no MACD signals generated today. The last signal was a Buy 56 period(s) Ago.

Stop and Reverse (SAR)

There were no SAR signals generated today. The last signal was a Buy 2 period(s) Ago.

Summary

The current market condition for FOREX THB= is:

Very Bullish

The close is currently Above it’s 200 period moving average.
The close is currently Above it’s 90 period moving average.
The close is currently Above it’s 30 period moving average.

There is additional confirmation from one or more Buy signals within the last 10 periods. Refer to the Indicator Analysis table above for details.

USDTHB closed down -0.030 at 31.240. Volume was 100% below average (consolidating) and Bollinger Bands were 52% narrower than normal.

Open High Low Close Volume___
31.240 31.240 31.240 31.240 1

USDTHB Technical Outlook
Short Term:
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 31.14 31.41 30.51
Volatility: 3 7 7
Volume: 703 792 489

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.

Summary

USDTHB is currently 2.4% above its 200-period moving average and is in an upward trend. Volatility is relatively normal 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 bullish on THB= and have had this outlook for the last 5 periods.

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Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
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