Sign in
  • NFT
  • Crypto
  • Stocks
  • DeFI
  • KNIGHTS
  • Luxury
  • Trade
  • Horse Racing
  • Travel
  • Crypto Caps
Sign in
Welcome!Log into your account
Forgot your password?
Privacy Policy
Password recovery
Recover your password
Search
Sign in
Welcome! Log into your account
Forgot your password? Get help
Privacy Policy
Password recovery
Recover your password
A password will be e-mailed to you.
Live Trading News Live Trading News
Knights App
Live Trading News Live Trading News
  • NFT
  • Crypto
  • Stocks
  • DeFI
  • KNIGHTS
  • Luxury
  • Trade
  • Horse Racing
  • Travel
  • Crypto Caps
Home FX Thailand Baht: USD/THB (THB) Expected to Move in Wide Range
  • FX
  • Headline News
  • Investments
  • Shayne Heffernan
  • Opinion
  • THB
  • USD

Thailand Baht: USD/THB (THB) Expected to Move in Wide Range

By
S. Jack Heffernan Ph.D
-
August 18, 2020
Facebook
Twitter
Pinterest
WhatsApp

    $THB #Thailand #Baht #USD #Currencies #FX #Trading #Markets

    Thailand Baht
    Ticker: THB=
    Price: 31.15

    Outlook

    The Thai currency is expected to move between 31.08 and 31.28.

    On Monday night, the markets turned positive due to technology stocks. The S&P 500 and Stoxx Europe 600 rose by 0.3 per cent, near the highest point before the Covid-19 crisis.

    At the same time, the market was supported by the crude oil price which increased by 1.9 per cent, amid investors’ expectation that the Opec+ representatives would reach an agreement on oil production control.

    In the financial market, the US Ten-Year Treasury decreased by three basis points, since investors were not sure the US Congress could stimulate the economy rapidly as expected. This political matter weakened the dollar by 0.2 per cent.

    USD/THB Dollar Exchange Rate

    Today’s Forex Rates

    USD/THB Dollar FX Polls

    Economic Events

    Technical Indicators

    Overall, the bias in prices is: Sideways.

    By the way, prices are vulnerable to a correction towards 31.32.

    The projected upper bound is: 31.41.

    The projected lower bound is: 30.92.

    The projected closing price is: 31.16.

    Candlesticks

    A white body occurred (because prices closed higher than they opened).
    During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 24 white candles and 22 black candles for a net of 2 white candles.

    Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

    Momentum Indicators

    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 65.0000. This is not an overbought or oversold reading. The last signal was a buy 8 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 45.30. 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 21 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 34. This is not a topping or bottoming area. The last signal was a buy 8 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 0 period(s) ago.

    Rex Takasugi – TD Profile

    FOREX THB= closed unchanged at 31.160. Volume was 89% below average (consolidating) and Bollinger Bands were 8% narrower than normal.

    Open     High     Low      Close    Volume
    31.140   31.170   31.130   31.160   207
    Technical Outlook
    Short Term:        Neutral
    Intermediate Term: Bearish
    Long Term:         Bearish
    Moving Averages: 10-period     50-period     200-period
    Close:           31.12         31.21         31.31
    Volatility:      4             5             6
    Volume:          1,624         2,093        1,960

    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

    FOREX THB= is currently 0.5% 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 moderate flows of volume out of THB= (mildly bearish). Our trend forecasting oscillators are currently bearish on THB= and have had this outlook for the last 9 periods.

    • TAGS
    • best forex company Heffx
    • best fx account
    • best fx company
    • daily stock brief Heffx
    • heffx
    • investing
    • make money trading fx with Heffx
    • morning call with Heffx
    • open an account fx
    • shayne heffernan
    • shayne Heffernan well known Asia economist
    • Thailand Baht
    • thailand baht forecast
    • thailand baht news
    • thailand baht technical analysis
    • thailand baht technicals
    • thb to usd
    • THB=X
    • trade like Shayne Heffernan
    • trading
    • USD/THB
    Facebook
    Twitter
    Pinterest
    WhatsApp
      Previous articleEuro: EUR/USD (EUR=X) Supported by Dollar Weakness
      Next articleEllison in the Front of the Line to Buy TikTok in Forced Selloff
      S. Jack Heffernan Ph.D
      https://www.knightsbridge.law
      S. Jack Heffernan Ph.D. Economist at Knightsbridge 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 Crypto, Mining, Shipping, Technology and Financial Services.

      RELATED ARTICLESMORE FROM AUTHOR

      2023

      Metaverse Tokens See Gains Up To 150% In 2023

      Marketing
      2023

      Marketing Tactics That Can Uplift Crypto Businesses

      2023

      Elon Musk set to include cryptocurrency in future Twitter payments systems


      Live Trading News
      Your Trusted Source For All Crypto and Stocks Related News
      Contact us: [email protected]

      EVEN MORE NEWS

      Top Online Trading Platforms in February 2023

      February 1, 2023

      ImmutableX Passport -Gaming Onboard Web3

      February 1, 2023

      Metaverse Tokens See Gains Up To 150% In 2023

      February 1, 2023

      POPULAR CATEGORY

      • Headline News7523
      • Investments7158
      • Top Stories6238
      • Paul Ebeling5633
      • Shayne Heffernan4496
      • Shayne Heffernan4377
      • Stocks4112
      • About us
      • Advertise
      • Send us a tip!
      • Write a review
      • Contact us
      © LiveTradingNews
      MORE STORIES

      Euro: EUR/USD (EUR=X) Are You an Average Trader?

      November 3, 2020

      British Pound: USD/GBP (GBP=X) Building Support Against Greenback

      January 15, 2020

      HEFFX Technical Outlook – Brexit Talks Resume Sending British Pound: GBP/USD...

      October 22, 2020
      CLOSE