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USDTHB: Short signal on the 1D EMA50.

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Dollar A.S / Baht Thailand (FX_IDC:USDTHB)  
InvestingScope  
FX_IDC:USDTHB   Dollar A.S / Baht Thailand
Trend Analysis Chart Patterns Technical Indicators USDTHB USD thb DJ FXCM Index dollar thaibaht Forex Currencies currency
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trendanalysis chartpattern indicator usdthb usd thb usdollar dollar thaibaht forex currencies currency
The pair is trading on a multi month 1M Channel Down (RSI = 35.185, MACD = -0.898, Highs/Lows = -0.7368). The price is now on the 1D MA50 (blue line) which since May 2019 has always initiated a new bearish leg. Since the 1D RSI is also approaching the usual 65.60 Sell Level, we are expecting a decline. Our Target is 30.000.




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