Analysis for April 4th, 2013
At the H4 chart of the USD/CAD currency pair the Alligator is moving downwards, but the indicators are in the grey zone so far. The price completed two bearish fractals at the same level. I’m keeping my short position opened; a protective stop will be strong enough to resist a bullish fractal.
At the H1 chart of the USD/CAD currency pair the Alligator is sleeping again. AO and AC indicators are in the red zone; there are several Squat bars on the MFI. After completing a bullish fractal, the price is expected to break downwards.
At the H4 chart of the NZD/USD currency pair the Alligator’s mouth is opened upwards. A new bullish fractal didn’t break the level of the previous one; the indicators are in the green zone. The price is forming a bearish fractal, which is unlikely to go below the Alligator’s teeth.
At the H1 chart of the NZD/USD currency pair the Alligator is sleeping. We can see a divergence with AO; there might be a Squat bar on the MFI; the indicators are in the grey zone. In my opinion, after sleeping for a while, the Alligator will continue growing up.
RoboForex Analytical Department