Bill Williams’ Indicators Analysis 11.04.2013 (USD/CAD, NZD/USD)
11.04.2013
Analysis for April 11th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is still sleeping. The price is completing a bearish fractal, so the indicators are in the red zone so far; there is a Squat bar on the MFI. I’m keeping my buy order opened with a protective stop placed below a bearish fractal.
At the H1 chart of the USD/CAD currency pair, the Alligator is waking up slowly. AO and AC indicators are in the red zone; there might be a Squat bar on the MFI. I’m keeping my buy order opened with the target above the bullish fractals.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator’s mouth is opened upwards. The angle of angulation is open, the indicators are in the green zone; there is a Green bar on the MFI; however, a divergence with AC and the absence of completed bullish fractals is not a good sign. I expect the price to complete a bullish fractal and then start forming a bearish one.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. There is a Green bar on the MFI, but the indicators are in the red zone and there is a divergence with AO. After the price completes a bullish fractal, I’m planning to open a pending order.
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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.