Bill Williams’ Indicators Analysis 03.02.2014 (USD/CAD, NZD/USD)
03.02.2014
Analysis for February 3rd, 2014
USD/CAD
At H4 chart of USD/CAD, Alligator is closing its mouth. Indicators are in red zone; there is Squat bar on the MFI. After bullish fractal, I expect breakout of fractals to the downside.
At H1 chart of USD/CAD, Alligator reversed downwards. Angulation is closing; indicators are in green zone; price is forming bullish fractal; there is Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line), and then I expect breakout of fractals to the downside.
NZD/USD
At H4 chart of NZD/USD, Alligator is moving downward. Indicators are in green zone; angulation is open; there is Squat bar on the MFI. After bearish fractal, I expect angulation to close.
At H1 chart of NZD/USD, Alligator is also moving downwards, but closing its lips. Indicators are in red zone; we can see divergence with AO; there is Green bar on the MFI and might be Squat one too. After bearish fractal, I expect breakout of fractals to the upside.
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