INDICATORS: RSI, Volatility, Volume, HMM
KEY PRICE LEVELS : 1.66129
Weekly CHART PATTERN : resistance and support lines, W1 Chart.
Weekly VISION
The GBP/AUD pair is moving in a bullish dynamics with a resistance zone at 1.7632. 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 bearish retracement.
Daily VISION
The D1 scale indicates that the patttern is in a bullish dynamics. The trend can lead to a possible
retracement with objectives at zone at 1.66165. The China monetary policy can support the trend. The Hidden Markov indicator is coherent with a bearish 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 bullish is valued at 1.7632.
  2. The forecast with the bearish cycle is valued at 1.66165.
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 1.66165.
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