Bill Williams’ Indicators Analysis 05.02.2014 (USD/CAD, NZD/USD)
05.02.2014
Analysis for February 5th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is reversing southwards. Indicators are in grey zone; there is Green bar on the MFI and no Squat ones. After bullish fractal, I expect breakout of fractals to the downside.
At H1 chart of USD CAD, Alligator is closing its mouth and going to sleep. Indicators are near balance line; there is Fade bar on the MFI and no Squat ones. 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 reversing upwards. Indicators are in grey zone; angulation is closed; there is Fade bar on the MFI. After bearish fractal, I expect breakout of fractals to the upside.
At H1 chart of NZD USD, Alligator is moving upwards. Indicators are in grey zone; there are no Squat bars on the MFI. After completing bullish fractal, price is expected to start correction towards Alligator’s jaw.
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