Analysis for January 17th, 2014
At H4 chart of USD/CAD, Alligator is going to sleep. Price is forming bearish fractal; indicators are in green zone; we can see divergence with AO; 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. Indicators are near balance line; there are no Squat bars on the MFI. I expect slight breakout of fractals to the upside and then Alligator to reverse downwards.
At H4 chart of NZD/USD, Alligator closed its mouth. Price completed bearish fractal below Alligator’s jaw; indicators are in red zone; there might be Squat bar on the MFI. I expect breakout of fractals to the downside.
At H1 chart of NZD/USD, Alligator is still moving southwards. AO and AC are in grey zone; there is Squat bar on the MFI. After bullish fractal, I expect breakout of fractals to the downside.
RoboForex Analytical Department