INDICATORS: RSI, Volatility, Volume, HMM

KEY PRICE LEVELS : 107.992 110.1322 117.0301

Weekly CHART PATTERNS : resistance line , W1 Chart.

Weekly VISION

The pair CHF/JPY is moving in bearish dynamics. The chart analysis and the Hidden Markov Models Analysis integrated with the RSI momentum indicator support the bearish tendency. The resistance zone is indicated at 117.0301 and the support zone is at 107.992.

Daily VISION

The D1 scale indicates that the patttern is in a slightly bullish dynamics. The pattern can lead to a possible bearish retracement at the resistance zone as shown in the fig 2. At this stage the pattern is in a area 111.992 zone. The Hidden Markov Indicator and the RSI are coherent with a bearish dynamics.

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 117.0301
  2. The forecast with the bearish cycle is valued at 110.1322
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 110.1322.
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