Analysis for January 14th, 2014
At H4 chart of USD/CAD, Alligator is still moving northwards, but starting to close its mouth. Indicators are in grey zone; there might be Squat bar on the MFI. Bearish fractal may reach Alligator’s jaw (blue line).
At H1 chart of USD/CAD, Alligator is sleeping. AO and AC are in red zone; there is Squat bar on the MFI; price is forming bullish fractal. After several equidistant fractals, I expect breakout of fractals to the downside.
At H4 chart of NZD/USD, Alligator is moving upwards. Angulation is open; price completed bullish fractal; indicators are in red zone; there might be Squat bar on the MFI. I expect angulation to close and then breakout of fractal to the upside.
At H1 chart of NZD/USD, Alligator is also moving upwards. Price is forming bearish fractal; indicators are in green zone, AC is very close to balance line; we can see divergence with AO; there is Green bar on the MFI and might be Squat one too. Bearish fractal may reach Alligator’s jaw.
RoboForex Analytical Department