Stock Information for GBPUSD - 3h

#GBPUSD #3h #Forex───────────

Ensemble model * Overview: The synthetic investment attractiveness indicator equals 10 (out of +/-100). The model ensemble suggests that trading will tend to be attractive in the nearest future. The synthetic directional indicator equals 3 (out of +/-100). The model ensemble suggests the market will move sideways in the nearest future.

Optimal past * Optimal past: The optimal lookback period for modelling is currently 424 candles. The market is currently bearish, depreciating by 6.0% during the latest phase.

Elliot Waves * Elliot Waves: The market's trend has changed and currently goes up.

  • Elliot Waves Settings: Elliot Waves were updated. The current wavelength is 34.

Price Bound Modelling * HAR model at confidence level 95.0%: the HAR model forecasts volatility of 0.2092% in the next candle, the price will fluctuate around 1.22 and with 95.0% probability will not go below 1.22 or above 1.22.

  • BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 1.22 and with 95.0% probability will not go below 1.22 or above 1.22.

  • Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 1.22 and with 95.0% probability will not go below 1.22 or above 1.22.

  • Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 1.23 and with 95.0% probability will not go below 1.13 or above 1.27.

  • Fibonacci with seven retracements: the price is likely to rebound upward from the nearest Fibonacci support of 1.21 at the level of 0.0%. The nearest Fibonacci resistance is 1.24 at the level of 23.6%.

  • Fibonacci with five retracements: the price is likely to rebound upward from the nearest Fibonacci support of 1.21 at the level of 0.0%. The nearest Fibonacci resistance is 1.26 at the level of 38.2%.

  • Fibonacci with four retracements: the price is likely to rebound upward from the nearest Fibonacci support of 1.21 at the level of 0.0%. The nearest Fibonacci resistance is 1.26 at the level of 38.2%.

  • MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 1.22 and with 95.0% probability will not go below 1.22 or above 1.22.

Forecast * MA model at confidence level 95.0%: the MA model forecasts a return of -0.0134% in the next candle, the price will fluctuate around 1.22 and with 95.0% probability will not go below 1.22 or above 1.23.

  • AR model at confidence level 95.0%: the AR model forecasts a return of -0.0134% in the next candle, the price will fluctuate around 1.22 and with 95.0% probability will not go below 1.22 or above 1.22.

Stability Indicators * Generalised extreme value: According to the indicator, the market is unstable

  • Power law: According to the indicator, the stability of the market is uncertain

  • Student degrees of freedom: According to the indicator, the stability of the market is uncertain

  • Tukey lambda: According to the indicator, the stability of the market is uncertain

Seasonality test * Seasonality test: According to the generalised seasonality test, there are no seasonal effects on the market.

Distribution analysis * Best-fit distribution: Best-fit distribution has changed, and now it is Power

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Not investment advice.

#GBPUSD #3h #trading #Distribution analysis