TECHNICAL AND STATISTICAL INDICATORS: Volatility, Volume, Hidden Markov Model (HMM) , MA, RSI, Standard Dev (SD)
The interested statistical traders could study the HMM considering the Rogemar S. M. J. Elliott book (Hidden Markov Models in Finance book).
No explicit orientation with the statistic evaluation . The SD and Volume give suggestion 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 Buy dynamics .
A possible statistical area of resistance area could be localized around +122 Pips from the price value calculated at mercoledì 23 maggio 2018 10:30.
The possibility for the Support zone can be figured around - 193 Pips.
The dynamics in the stochastic scheme indicates a slightly buy view. The HMM admit a possible 69,70% to have a bullish hidden regime.
The chart anyway does not identify a great regime. Statistically instead, the analysis lead to a possible a bearish retracement with an estimate of 16 Pips for the support zone with a reference price value calculated (mercoledì 23 maggio 2018 12:30).
RSI study are quite coherent with a plausible buy regime. An indications of the % variation for the D1 (GMT clock) candle can be circumscribed to a value less than 1,2% objective.
To evaluate the currency it is utilized the HMM methodology…