Analysis for April 2nd, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is still moving downwards. Indicators are in grey zone; there are no Squat bars on the MFI. Bullish fractal may reach Alligator’s lips (green line), and then I expect breakout of fractals to the downside.
At H1 chart of USD CAD, Alligator is opening its mouth downwards. AO is in green zone, AC is near balance line; there is Green bar on the MFI and might be Squat one too. After two equidistant fractals, I expect breakout of fractals to the downside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is closing its mouth. AO and AC are in red zone; we can see divergence with AO; there is Squat bar on the MFI. After bearish fractal, I expect breakout of fractals to the upside.
At H1 chart of NZD USD, Alligator is moving downwards. AO and AC are in red zone; price is finishing bearish fractal; there might be Squat bar on the MFI. I expect slight breakout of fractals to the downside.
RoboForex Analytical Department