Bill Williams’ Indicators Analysis 06.03.2014 (USD/CAD, NZD/USD)
06.03.2014
Analysis for March 6th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator reversed downwards. Indicators are in grey 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 is moving southwards. Indicators are in grey zone; there is Fade bar on the MFI and might be Squat one too. Bullish fractal may reach 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 upwards. Indicators are in grey zone; price is finishing bullish fractal; 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 NZD USD, Alligator is also moving upwards. Price is forming bullish fractal; AO and AC are in green zone; there might be 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.