INDICATORS: RSI, Volatility, Volume, HMM
KEY PRICE LEVELS : 1.2982 1.3298
Weekly CHART PATTERN : resistance and support lines, W1 Chart.
Weekly VISION
The pair GBP/USD is moving in a bullish dynamics with a resistance zone at 1.329. The indicator 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 regime.
Daily VISION
The D1 scale indicates that the patttern is in a bullish dynamics. The trend can lead to a possible retracement with support at 1.29 zone. The GBP gain can be supported by the PMI release. The Hidden Markov Models Analysis and the RSI are coherent with a slightly bullish regime.The chart can suggest a bullish retracement at the resistance line.
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 1.32091.
  2. The forecast with the trendless cycle is valued at 1.2982.
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 1.32091.
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