Bill Williams’ Indicators Analysis 22.01.2014 (USD/CAD, NZD/USD)
22.01.2014
Analysis for January 22nd, 2014
USD/CAD
At H4 chart of USD/CAD, Alligator is slowly moving upwards. We can see divergence with AO; indicators are in red zone; price is forming bearish fractal; there is 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 very close to balance line; there are no Squat bars on the MFI. After bullish fractal, I expect breakout of fractals to the downside.
NZD/USD
At H4 chart of NZD/USD, Alligator is sleeping. Indicators are in green zone; there is Squat bar on the MFI. I expect slight breakout of fractals to the upside.
At H1 chart of NZD/USD, Alligator reversed northwards. Angulation is closed; AO and AC are in near balance line; there are Squat bars on the MFI. After bearish fractal, I expect breakout of fractals to the upside.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.