INDICATORS : RSI, Volatility, Volume, HMM


KEY PRICE LEVELS : 0.7331 0.77001 0.8001


Weekly CHARTS PATTERN : resistance line , W1 Chart.


Weekly VISION


CAD/CHF is moving in a no bias dynamics with a support zone at 0.77001 . The chart analysis indicates the bullish retracement dynamics. It could be be supported by the slowing RSI momentum indicator. The Hidden Markov Indicator is coherent with a slightly bullish retracement. The 0.8001 area is evaluated as resistance area.


Daily VISION


The D1 scale indicates that CAD/CHF is in a slightly bullish regime. The chart analysis indicates 0.77213 as a possible key level price. This resistance area could also lead to a Canadian dollar recovery . HMM in this scale statistically register a bullish retracement but the RSI and the chart analysis support a slightly regime. The HMM is coherent with a no bias regime.


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 bearish is valued at 0.7331
  2. The forecast with the trendless cycle is valued at 0.77213


Figure 1 describes in a W1 bearish trend 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 posible retracement it can be evaluated a forecast price level at 0.77213 .
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