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

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

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

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 34.59.

The projected lower bound is: 34.08.

The projected closing price is: 34.34.

FOREX THB= closed down -0.030 at 34.350. Volume was 7% below average (neutral) and Bollinger Bands were 44% narrower than normal.

Open         High          Low           Close         Volume
34.390      34.440      34.310      34.350      10,945

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

Moving Averages: 10-period      50-period      200-period
Close:                       34.40             34.75              35.05
Volatility:                3                      5                     5
Volume:                   11,420            12,196           9,168

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 Thai Baht
FOREX THB= is currently 2.0% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. 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 23 periods.

THBUSD, Thailand, Asia, HEFFX, Currency, Shayne Heffernan, Outlook, THB, USD

HEFFX Momentum Thai Baght
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 72.3686. This is not an overbought or oversold reading. The last signal was a buy 3 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 38.14. 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 buy 14 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 -52. This is not a topping or bottoming area. The last signal was a buy 3 period(s) ago.

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

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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