Analysis for April 3rd, 2013
At the H4 chart of the USD/CAD currency pair the Alligator is slowly moving downwards, the price completed a fractal below the its mouth. AO and AC indicators are in the green zone; the price is forming a bullish fractal; there might be a Squat bar on the MFI. I’m keeping my short position opened.
At the H1 chart of the USD/CAD currency pair the Alligator is waking up downwards, the price is forming bullish fractals. The indicators are in the grey zone; there are several Squat bars on the MFI. A protective stop on my sell order is placed above the Alligator.
At the H4 chart of the NZD/USD currency pair the Alligator continues moving upwards. The angle of angulation is open; the indicators are directed in different directions (in the grey zone); there might be a Squat bar on the MFI. After completing a bearish fractal near the Alligator’s teeth, the price is expected to break a bullish fractal.
At the H1 chart of the NZD/USD currency pair the Alligator woke up upwards, but the angle of angulation is already closed. The indicators are directed in different directions; there are several Squat bars on the MFI. A bearish fractal may break the Alligator’s mouth.
RoboForex Analytical Department