Indicators: RSI, Volatility, Volume, HMM

Key price levels : 1.35091 1.3689 1.46687

Weekly Charts pattern : resistance line , W1 Chart.

Weekly Vision

The pair is moving in a trendless dynamics in a triangle pattern . The chart analysis indicates the trendless dynamics that can also be supported by the Hidden Markov Models Analysis and the RSI momentum indicator. The resistance at 1.46687can be evaluated as bullish outside from the triangle figure pattern.

Daily Vision

The D1 scale indicates that the patttern is in a trendless dynamics with a resistance area that can intercept the support line. The channel can lead to a possible secondary bearish retracement of the triangle pattern.
The SGD economic release release can suggest a slightly bullish regime before the objective at 1.40932.

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 no regime is evalued at 1.40932
  2. The forecast with the bearish cycle is valued at 1.3689

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

Figure 2 exhibits the hypothetical path and the forecast value


Considering the slope of the trends, the key level price and the possible retracement it can be evaluated a forecast price level at 1.40932.
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