TECHNICAL AND STATISTICAL INDICATORS: RSI, MA, Standard Dev (SD), Volatility, Volume, Hidden Markov Model (HMM)
The involved statistical traders could study the HMM considering the Rogemar S. M. J. Elliott book (Hidden Markov Models in Finance book).
No distinguish tendency with the HMM computation. The Volume and SD give indication of a no regime dynamics.
Graphically there is not a great indication of the hidden regime and it is not so easy figure out
specific zones of Support and Resistance.
The RSI inclination, the MA(50) and the MA(100) give instead support for a slightly Bearish dynamics .
A possible statistical area of resistance area could be localized around +172 Pips from the price value calculated at 18 January 2018 11:00.
The possibility for the Support zone can be figured around - 200 Pips.
Stochastic scheme admit an identification of a slightly buy view. The HMM consent a possible 66.80% probability to have a bullish hidden regime.
The statistical study instead lead to a possible a bearish retracement with a calculation of 51 Pips for the support zone with a reference price value calculated (18 January 2018 13:00).
The chart anyway does not identify a great dynamics.
SD and RSI analysis individuate a plausible bullish regime. An indications of the variation for the Daily (GMT clock) candle can be circumscribed to a value less than 1.2% objective.
To formulate the forecast of the cross it is utilized the HMM methodol…