Analysis for April 16th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal, the angle of angulation is open; but AO and AC indicators are in the grey zone so far; there might be a Squat bar on the MFI. I’m placing a limit buy order.
At the H1 chart of the USD/CAD currency pair, the Alligator is also moving upwards. The price is completed a bullish fractal, the angle of angulation is open; the indicators are in the grey zone; there is a Squat bar on the MFI. I’m placing a pending buy order with the target near the Alligator’s teeth.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is slowly making a reverse downwards. The angle of angulation closed; the price is finishing a bearish fractal; AO and AC indicators are in the grey zone. I’m placing a pending sell order with a protective stop above the Alligator’s jaw.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price formed a bearish fractal; the angle of angulation is open so far; the indicators are in the grey zone; there is a Squat bar on the MFI. I’m placing a limit sell order with the target near the Alligator’s teeth.
RoboForex Analytical Department