INDICATORS: RSI, Volatility, Volume, HMM


KEY PRICE LEVELS : 1.301 1.3301


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


Weekly VISION


The Loonie is moving in a slightly bearish dynamics with a resistance zone at 1.3687. The indicator analysis indicates a slightly bearish 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 bearish tendency. The chart can suggest a bearish retracement at the support zone.


Daily VISION


The D1 scale indicates that the patttern is in a no bias dynamics. The trend can lead to a possible bearish and bullish retracement with objectives at zone at 1.33209. The USD gain can be supported by the interest rate decision. The Hidden Markov Models and the RSI analysis are coherent with a trendless forecast.


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 1.361.
  2. The forecast with the bearish cycle is valued at 1.33209.

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 1.33209.
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