Bill Williams’ Indicators Analysis 02.04.2013 (USD/CAD, NZD/USD)
02.04.2013
Analysis for April 2nd, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair the Alligator is still moving downwards, the price is completing a bullish fractal near the teeth. There are several Squat bars on the MFI; the indicators are in the grey zone. I’m keeping my short position opened until the price breaks bearish fractals.
At the H1 chart of the USD/CAD currency pair the Alligator is still sleeping. The price formed a bullish fractal; АО and АС indicators are in the red zone; there might be a Squat bar on the MFI. A protective stop on my sell order is placed above a bullish fractal.
NZD/USD
At the H4 chart of the NZD/USD currency pair the Alligator is starting to move upwards. A bearish fractal rebounded from the Alligator’s teeth (red dashed line); АО and АС indicators are in the green zone. A protective stop on my buy order has been moved below the Alligator’s jaw (blue line).
At the H1 chart of the NZD/USD currency pair the Alligator is waking up upwards, but АО and АС indicators are in the grey zone (directed in different directions) so far. There might be a Squat bar on the MFI. I’m keeping my long position opened until the price breaks a bullish fractal.
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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.