Bill Williams’ Indicators Analysis 04.02.2014 (USD/CAD, NZD/USD)
04.02.2014
Analysis for February 4th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is sleeping. Indicators are in green zone; there is Green bar on the MFI and might be Squat one too. After bullish fractal, I expect breakout of fractals to the downside.
At H1 chart of USD CAD, Alligator is moving southwards. Angulation is closed; indicators are in grey zone; there are no Squat bars on the MFI. Bullish fractal may break Alligator’s jaw (blue line), and then I expect breakout of fractals to the downside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is moving downward. Indicators are in green zone; we can see divergence with AO; angulation is almost closed; 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 reversing upwards. Indicators are in green zone; there is Squat bar on the MFI. 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.