INDICATORS: RSI, Volatility, Volume, HMM


KEY PRICE LEVELS: 1.46299 1.51567 1.61677


Weekly CHART PATTERN : resistance line , W1 Chart.


Weekly VISION


EUR/AUD is moving in a slightly bullish triangle with a possible retracement dynamics at the HMM level 1.46299 . The chart analysis is slightly bullish after the retracement at the support line at and the Hidden Markov Models Analysis seems to support the bullish analysis. The RSI momentum indicator and the chart analysis with a Volume and Standard Deviation analysis seems to facilitate a slightly bullish dynamics . The China economy forecast can be correlated with the bullish market side.


Daily VISION


The D1 scale indicates that EUR/AUD can retrace at the resistance line. A dretracement can lead to a possible bearish retracement dynamics. The hidden markov processes at this scale suggest the no bias dynamics, this analysis are coherent with the RSI and the volatility study.


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 is valued at 1.50129 .
  2. The forecast with the bullish cycle is valued at 1.51577.

Figure 1 describes in a W1 trend 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 possible retracement it can be evaluated a forecast price level at 1.50129.
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