Analysis for March 18th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is opening its mouth downwards; daily Alligator is moving upwards. Indicators are in grey zone; there might be Squat bar on the MFI. I expect slight breakout of fractals to the downside towards daily Alligator’s jaw.
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. 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 red zone; price is forming bearish fractal; there is Squat bar on the MFI. After bullish fractal, I expect breakout of fractals to the downside.
At H1 chart of NZD USD, Alligator is reversing downwards. AO and AC are in red zone; there might be Squat bar on the MFI. I expect breakout of fractals to the downside.
RoboForex Analytical Department