INDICTORS: RSI, Volatility, Volume, HMM

KEY PRICE LEVELS 0.8001 0.86087


The EUR/GBP pair is moving in a no regime dynamics. The chart analysis indicates the slightly bearish trend can be supported by the Hidden Markov Models Analysis, the RSI momentum indicator. CPI and German Job release can support a bullish retracement. The volatility and the volume are coherent with a possible bearish regime.


The D1 scale indicates that the patttern is in a bearish with a resistance zone at 0.85368. The trend can lead to a possible bullish retracement at the support line 0.8001. Technical indicator as HMM, volatility and RSI support the selling dynamics.


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 valued at 0.83632
  2. The forecast with the trendless cycle is valued at 0.85032

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 0.85032.
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