| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro- ARUSD (Chart of the day)

FxWirePro :GBP/AUD moves lower as bearish sentiment grips

FxWirePro-Crude Oil Daily Outlook

FxWirePro- Major Pair levels and bias summary

FxWirePro:EUR/AUD capped key fibo,bears set to regain control

FxWirePro- Ethereum Daily Outlook

FxWirePro: EUR/AUD downside pressure builds, key support level in focus

FxWirePro- BTCUSD Daily Outlook

FxWirePro: GBP/AUD under pressure after early buying dries up

FxWirePro: GBP/NZD extends drop, faces 23.6%fib support

FxWirePro- Gold Daily Outlook

FxWirePro:EUR/NZD hits two month low, more downside expected

FxWirePro:EUR/NZD outlook weaker on renewed downside pressure

FxWirePro- Silver Daily Outlook

FxWirePro- Crude oil Daily Outlook

FxWirePro- LINKUSD (Chart of the day)

FxWirePro- BTCUSD Daily Outlook

©Econometrics LLC . All Rights Reserved.

FxWirePro: USD/THB remains well supported above 34.30 mark, upside limited

Tuesday, May 23, 2017 2:50 AM UTC

USD/THB is currently trading around 34.36 marks.
It made intraday high at 34.38 and low at 34.29 marks.
Intraday bias remains neutral till the time pair holds key support at 34.30 marks.

On the top side, key resistances are seen at 34.42, 34.55, 34.67, 34.74, 34.82, 34.97, 35.11, 35.20, 35.32, 35.42, 35.62, 35.74, 35.84, 35.93, 36.01, 36.08 and 36.39 marks respectively.
Alternatively, a daily close below 34.30 will drag the parity down towards key supports around 34.14 and 34.02 marks respectively.

Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.

We prefer to take long position in USD/THB around 34.35, stop loss at 34.29 and target of 34.42/34.55.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Skechers Sales Surge as Growth Lags for Nike and Adidas; Nike Eyes 2024 Olympics

America’s Roundup: Dollar mostly flat as market mulls inflation outlook ,Wall Street end mixed, Gold gains, Oil gains 1% on hopes of firmer demand

FxWirePro- Ethereum Daily Outlook

Gaza: what ceasefire negotiations tell us about how each side judges its progress in the war

FxWirePro: GBP/NZD pauses decline, downside risk remains

FxWirePro:EUR/NZD hits two month low, more downside expected

FxWirePro: GBP/AUD under pressure after early buying dries up

Out with the old: Blue- and white- collar job labels aren’t cutting it anymore

FxWirePro- Major Pair levels and bias summary

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

FxWirePro: USD/THB remains well supported above 34.30 mark, upside limited

Editor's Picks

Welcome to EconoTimes