INDICATORS: RSI, Volatility, Volume, HMM
KEY PRICE LEVELS : 1.46987 1.56897
Weekly CHART PATTERN : resistance line , W1 Chart.
Weekly VISION
EUR/CAD is moving in bullish bullish regime with a possible support area at 1.45531. The chart analysis is slightly bullish but the Hidden Markov Models Analysis seems to support the bullish analysis. The RSI momentum indicator integrated with a Volume and Standard Deviation analysis seems to facilitate the bullish analysis.Daily VISION
The D1 scale indicates that EUR/CAD is in a possible retracement area. The chart analysis can lead to a possible bearish dynamics. The Crude oil forecast also correlated can privilege the sell side market. The HMM and the RSI are coherent with the bullish 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 is valued at 1.46987 .
  2. The forecast with the bearish cycle is valued at 1.45531.

Figure 1 describes in a W1 the trend lines 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 1.45531
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