Indicators: RSI, Volatility, Volume, HMM
Key price levels : 0.91098 - 0.96082
Weekly Charts pattern : resistance and support lines, W1 Chart.
Weekly Vision
The pair is moving in a bearish dynamics with a possible retracement at the support line at 0.91098 . The chart analysis indicates the bearish trend can be supported by the Hidden Markov Models Analysis, the RSI momentum indicator.
Daily Vision
The D1 scale indicates that the patttern is in a trendless channel with a resistance zone at 0.96082. The trend can lead to a possible bullish retracement with objective 0.93625.
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 0.96082
  2. The forecast with the bearish cycle is valued at 0.93625
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 0.93625.
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