INDICATORS: RSI, Volatility, Volume, HMM

KEY PRICE LEVELS : 1.82902 1.85977 1.93322

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


The GBP/CAD pair is moving in a bearish dynamics with a resistance zone at 1.93322. 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 bearish tendency. The chart can suggest a possible bullish retracement.


The D1 scale indicates that the patttern is in a bearish dynamics with a support zone at 1.82902. The trend can lead to a possible bullish retracement with objectives at zone at 1.85977. The Hidden Markov Models Analysis and the RSI momentum indicator are coherent with a bearish regime.


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 1.82902.
  2. The forecast with the trendless cycle is valued at 1.85977.
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 1.85977.
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