Analysis for March 17th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is sleeping. Indicators are very close to balance line; price is forming bullish fractal; there is Squat bar on the MFI. After two fractals, equidistant from Alligator’s mouth, I expect breakout of fractals to the upside.
At H1 chart of USD CAD, Alligator is sleeping. Indicators are in red zone; there is Green bar on the MFI and might be Squat one too. I expect two fractals, equidistant from Alligator’s closed mouth.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is moving upwards. Indicators are in red zone; price is forming bullish fractal; angulation is closing; there is Squat bar on the MFI. After bullish fractal, I expect angulation to close and breakout of fractals to the downside.
At H1 chart of NZD USD, Alligator is sleeping. AO and AC are in green zone, very close to balance line; there is Squat bar on the MFI. I expect slight breakout of fractals to the upside.
RoboForex Analytical Department