FMA + MVA testing progress: the analysis vs a bird's eye viewBritish Pound vs Japanese YenICMARKETS:GBPJPYfullermarketanalysisToday's Analysis was NOT successful. Market Volume Analysis said that the market was balanced and the result was indifferent, meaning buy & sell are equally matched. However, for the day, price value actually depreciated. The market was actually migrating out of its balanced state at the time of analysis when business opened. Hence, it is concluded that the market balanced overnight and migrated into price discovery during business hours. The market is currently in price discovery. It depreciated below Tuesday's point of control value (214.433). The observation that market spiked and then slightly depreciated in value for Tue26May26 was not just for show. The depreciation meant something, and the result is showing that. If fair price value continues to depreciate, then that observation would be valid and help to confirm the questions below. Full Market Analysis: While in a balanced market, FMA capitalized on good buy and sell opportunities with chart trades. 2 chart trades were taken and got balanced out. One win and one loss to gain +0%. Stats: For analysis Goal:7/10 successful analysis Status: 5/6 successful | 1/1 unsuccessful For chart trades 8/10 560% roi = 90%+0%+50%-100%+30%+50%+0%+440%+100%-100% A keen observation: Fair price range was very expensive on Tue26May26 compared to the prev. day's fair price range on Mon25May26. 1. Does this mean an overbought situation? 2. Could it be that price will start to depreciate after Tue26May26? 2.1. Price slightly depreciated and was held below the prev. day's poc on Tues26May26, Then on Wed27May26, price value depreciated some more and again held below the prev. day's poc. What will it be tomorrow Thu28May26? Depreciate even more, and below Wednesday's poc? Let's see. Price migrated from Monday's fair price range into price discovery and has been constantly accepting cheaper price values. The market may want to depreciate GJ's value now so that is good observation. 3. What will today's fair price range look like at 17:00 EST today? 3.1. Today's fair price is within prev. day's fair price value range, however below prev. day's poc. Not enough data as yet to determine what this means but I would say, if today's fair price range is inside the prev. day's fair price range, and either above or below prev. day's poc, then: 3.1.1. Inside range & above poc = bullish (migration > price discovery > appreciation)? 3.1.2. Inside range & below poc = bearish (migration > price discovery > depreciation? These 2 important questions can be answered with more market flow experiences seeing this activity repeated. Today's actions: Inside range & below poc, then migration to price discovery & value depreciation NB: Price values in this published idea for testing FMA & market volume are based on IC Markets' market data feed. The regular, major published ideas is on OANDA's market data feed.