Indicators: RSI, Volatility, Volume, HMM

Key price levels : 8.19297 8.88102

Weekly Charts pattern : resistance line , W1 Chart.

Weekly Vision

EUR/HKD is moving in a bullish dynamics. The chart analysis is slightly bearish in consideration of the steady state but the Hidden Markov Models Analysis seems to support the trendless analysis. The RSI momentum indicator and the chart analysis distribution integrated with a Volume and Standard Deviation analysis seems to facilitate an slightly bearish.

Daily Vision

The D1 scale indicates that EUR/HKD is in a bullish regime. The German CPI release, the Hidden Markov Model and the RSI are coherent with a slightly bullish 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 bullish is valued at 8.88102
  2. The forecast with the bearish cycle is valued at 8.19297

Figure 1 describes trend 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 8.88102.
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