TECHNICAL AND STATISTICAL INDICATORS: Volatility, Volume, Hidden Markov Model (HMM) , MA, RSI, Standard Dev (SD)
The involved statistical traders could study the HMM considering the Rogemar S. M. J. Elliott book (Hidden Markov Models in Finance book).
No distinct inclination with the statistic evaluation . The SD and Volume give expression of a no regime dynamics.
Graphically there is not a great indication of the hidden regime and it is not so easy evaluate
specific zones of Support and Resistance.
The RSI inclination, the MA(50) and the MA(100) give instead support for a slightly Sell regime.
A possible statistical area of resistance area could be localized around +161 Pips from the price value calculated at mercoledì 23 maggio 2018 11:00.
The possibility for the Support zone can be figured around - 180 Pips.
The dynamics in the stochastic frame of reference indicates a slightly buy view. The HMM consent a possible 56,10% to have a bullish hidden regime.
The chart anyway does not identify a great dynamics. Statistically there is a not marginal possibility (13,70% to have a bearish retracement with an estimate of 89 Pips for the support zone with a reference price value calculated (mercoledì 23 maggio 2018 13:00).
RSI study are quite coherent with a plausible bullish regime. An indications of the % variation for the D1 (GMT clock) candle can be circumscribed to a value less than 1,1% objective.
To evaluate the currency pair it i…