Indicators: RSI, Volatility, Volume, HMM


Key price levels : 1.0200 - 1.0801 - 1.10002


Weekly Charts pattern : resistance line , W1 Chart.


Weekly Vision

AUD/SGD is moving in a bullish pattern dynamics . The chart analysis of the bullish regime can be supported by the Hidden Markov Models Analysis, the RSI momentum indicator. The China monetary policy and the Oil retracement could give also some support to the bias.
Daily Vision
The D1 scale indicates that AUD/SGD is in a possible bullish recovery regime pattern. The retracement at the resistance line can lead to a possible bearish dynamics. As indicated in fig 2, the pattern forecast is indicated between the 1.0801 line and the 1.03029 line of the pattern. The Hidden Markov analysis and the RSI study are coherent with a slightly bullish regime with objective at the 1.06932 zone.
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 bearish is valuated at 1.0200
  2. The forecast with the bullish cycle is valuated at 1.06932

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


Figure 2 exhibits the hypothetical path and the forecast value
Forecast
Considering the slope of the trends, the key level price and the posible retracement it can be evaluated a forecast price level at 1.06932.
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