INDICATORS: RSI, Volatility, Volume, HMM
KEY PRICE LEVELS : 6.310 7.0031
Weekly CHART PATTERN : resistance and support lines, W1 Chart.
The USD/DKK is moving in a bearish dynamics with a resistance zone at 7.0031. 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 no regime. The chart can suggest a bullish retracement at the support zone.
The D1 scale indicates that the patttern is in a no bias dynamics. The trend can lead to a possible bearish retracement with objectives at zone at 6.56008. 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.
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 7.0031.
  2. The forecast with the bearish cycle is valued at 6.56008 .
Figure 1 describes in a W1 trendlines with the key price levels.

Figure 2 exhibits the hypothetical path and the forecast value

Considering the slope of the trends, the key level price and the possible retracement it can be evaluated a forecast price level at 6.56008.
Translate to English Show original