Indicators: RSI, Volatility, Volume, HMM

Key price levels : 0.77 - 0.75017 - 0.701

Weekly Charts pattern : Triangle, Trendless, W1 Chart.

Weekly Vision

AUD/CHF is moving in a slightly bearish dynamics. The chart analysis indicates a trendless regime can be supported by the chart analysis and the negative Hidden Markov indicator. Volume, RSI and Standard deviation analysis suggest a slightly bearish dynamics. The support zone is indicated at 0.701.

Daily Vision

The D1 scale indicates that AUD/CAD is in a slightly bearish regime with support zone at 0.73002. With a resistance zone at 0.75361 possible level of retracement. This can lead to a possible retracement and a slightly bearish dynamics. There is the possibility of a triangle figure pattern with the 0.75029 area as support zone. The Hidden Markov Indicator is coherent with the trendless regime.

Forecast evaluation

To give an evaluation of the possible movements of the cross it is utilized the Hidden Markov indicator techniques.
With the combination of the price lines and the stochastic Hidden Markov Processes are indicated two possible forecast value.
  1. The forecast value in the trendless regime is valued at 0.75029.
  2. The forecast is valued in the bullish regime is considered at 0.77007.

Considering the slope of the trends, the key level price and the possible retracement the forecast price level can be indicated as 0.75029.

Figure 1 describes in a W1 chart the trendlines and the key price levels.

Figure 2 exhibits the hypothetical path and the forecast value

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