Analysis for January 24th, 2014
USD/CAD
At H4 chart of USD/CAD, Alligator is still moving upwards. Angulation is open; indicators are in red zone; there is Squat bar on the MFI. Bearish fractal may reach Alligator’s lips (green line), and then I expect breakout of fractals to the upside.
At H1 chart of USD/CAD, Alligator is closing its mouth. Angulation is closed; indicators are in green zone; there is Squat bar on the MFI. I expect slight breakout of fractals to the downside.
NZD/USD
At H4 chart of NZD/USD, Alligator is still sleeping. Indicators are in red zone; there might be Squat bar on the MFI. After bearish fractal, I expect breakout of fractals to the upside.
At H1 chart of NZD/USD, Alligator is moving downwards. AO and AC are in red zone; there is Squat bar on the MFI. I expect breakout of fractals to the downside.
RoboForex Analytical Department