Bill Williams’ Indicators Analysis 08.04.2013 (USD/CAD, NZD/USD)

Analysis for April 8^th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator closed its mouth after the price had formed a bullish fractal; at the moment the price is forming a bearish one. The indicators are in the grey zone; there is a Fade bar on the MFI. After the pair completes a bearish fractal, I’ll consider opening long positions.



At the H1 chart of the USD/CAD currency pair, the Alligator woke up in an upward direction. However, AO and AC indicators are in the red zone; there is a Fade bar on the MFI. Most likely, the price will break the latest bearish fractal, but it’s quite unlikely to force the Alligator to start moving downwards.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator’s is looking upwards. The indicators are in the green zone; there are several Squat bars on the MFI; the price is forming a bullish fractal, which may reach Take Profit.



At the H1 chart of the NZD/USD currency pair, the Alligator is almost sleeping with its mouth opened upwards. The indicators are in the red zone; there might be a Squat bar on the MFI; the price is forming a bearish fractal. I’m keeping my buy long position opened.



 
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