INDICATORS: RSI, Volatility, Volume, HMM
KEY PRICE LEVELS : 9.831
Weekly CHART PATTERN : resistance and support lines, W1 Chart.
Weekly VISION
The EUR/SEK pair is moving in a trendless pattern dynamics with a resistance line at 9.831. The chart analysis indicates a slightly bullish dynamics and it can be supported by the Hidden Markov Models Analysis and the RSI momentum indicator. Standard Dev is relatively adeguate with a no bias tendency.
Daily VISION
The D1 scale indicates that the patttern is in a slightly bullish dynamics with a possibility of a bearish retracement. The trend pattern lead to a possible slightly bearish regime with objectives at zone at 9.62711. The HMM and the RSI are coherent with a slightly bearish bias.
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 9.8310
  2. The forecast with the bearish cycle is valued at 9.62711
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 9.62711.
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