Forecasting intraday price zones of related markets.
If the yellow zone is above the zero %change line, the the forecast trend is up. Suggesting buying dips at the lower grey zone levels.
Rule Exception 1:
If the blue zone alert dot is outside the yellow zone area then the trend may be changing.
Rule Exception 2:
If breaking news is opposite to the trend direction then the trend may change.
Related Markets Chart
Shows all related market forecasts for the next day on one chart.
The y axis shows the forecast intraday %change (one day percentage change from the previous close) for the next day, with different zones, showing the trend(yellow) and expected movement around the trend (grey) and intraday support and resistance levels (as %change and actual values).
Intra Day Forecast
The intra day Forecast is based on models both of volatility and direction.
The forecasting process begins by identifying a “news-free” target and adds an indication of the asymmetric upside and downside potentials that will derive from the breaking news of the day.
The forecast intraday range is within the yellow, dark grey and light grey zones.
The yellow zone forecasts the trend:
If the yellow zone is mostly above the zero line, then the forecast trend is upwards.
If the yellow zone is mostly below the zero line, then the forecast trend is downwards.
If the yellow zone is either side of the zero line in more or less equal proportion, then the market is forecast to be ranging
The dark grey zone forecasts the most likely movement around the trend:
If the dark grey zone is below the yellow zone, the market may be moving towards a support level before reverting back to the yellow trend zone;
If the dark grey zone is above the yellow zone, the market may be moving towards a resistance level before reverting back to the yellow trend zone.
Blue Zone Alert Dot: Potential trend change
If the blue dot moves out of the yellow trend zone then the market may be undergoing a change in behaviour and a possible trend change.