Thai Baht against USD$
I am in Thailand 2014/Jun/7
and am interesting in Thai Baht since it is an influential
factor of living here.
What is good for chart knowledge? If knowledge is truly power
Otherwise it will be just one of ornament if you not using
it.
It advises me not to rush and rash to exchange Bath from USD$
otherwise I can’t be benefactor of foreign currency.
Indeed!
You may enjoy living Thailand less expensive but more pleasure if
you convert your dollars into Thai Bath not so earlier
The reasons are:
1.
Is down trend line which has
been down trend for 8 years but it has been breakthrough and derailed. It means
that the end of old but start of new trend by upper trend of 2
2.
Is upper trend line. How am I sure
that it is upper trend line? See 3 of
60ma.
3.
Is green line of 60ma(ma=
moving average) you may see it double bottom which mean no more down trend
4.
Is previous high point which is
breakout, which means there are no more bad overhead accumulation
5.
Is tip for student of chart
mania who is eager to know why it has been processed corrective wave and adjusted
for 6 months? It is because of Gold crossed 60ma and 240ma. Remember when Gold crossed
is happened it must be corrective wave. I hope it is good tips for student of
chart technic
6.
Is the position of this week
candle, this is our question whether if it is going up or down but the answer
was told already “enjoy more longer staying in Thailand” converting Dollars not
so earlier lest you will be benefactor of exchange rate
