INDICATORS: RSI, Volatility, Volume, HMM


KEY PRICE LEVELS : 1.887



Weekly CHART PATTERN : resistance and support lines, W1 Chart.


Weekly VISION


The pair is moving in a bullish dynamics with a resistance zone at 1.887 . 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 slightly bullish tendency.


Daily VISION


The D1 scale indicates that the patttern is in a bullish dynamics. The trend in consideration of the scale the stochastic Markovian processes integrated with the chart analysis can lead to a possible bearish and a bullish retracement with objectives at zone at 1.88082.


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 1.88082.
  2. The forecast with the bearish cycle is valued at 1.82311.

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 1.88082.
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