INDICATORS: RSI, Volatility, Volume, HMM
KEY PRICE LEVELS : 1.61292
Weekly CHART PATTERN : resistance and support lines, W1 Chart.
Weekly VISION
The pair is moving in a bullish dynamics with a resistance line at 1.61292. The chart analysis indicates the bullish dynamics and it can be supported by the Hidden Markov Models Analysis and the RSI momentum indicator. Standard Dev is in agreement with a slightly bullish tendency.


Daily VISION
The D1 scale indicates that the patttern is in a bullish channel with a support zone at 1.56087. The trend can lead to a possible retracement with objectives at zone at 1.61077.


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 bullish is valued at 1.61077
  2. The forecast with the bearish cycle is valued at 1.56087
Figure 1 describes in a W1 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 possible retracement it can be evaluated a forecast price level at 1.61077.
Translate to English Show original