Bill Williams’ Indicators Analysis 17.04.2013 (USD/CAD, NZD/USD)
17.04.2013
Analysis for April 17th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator opened its mouth upwards. The price is finishing a bearish fractal; the indicators are in the red zone; there is a Squat bar on the MFI. My limit buy order with a protective stop below the Alligator’s teeth worked.
At the H1 chart of the USD/CAD currency pair, the Alligator closed its mouth went to sleep. The indicators are in the grey zone so far; there might be a Squat bar on the MFI. I opened a buy order with the target above bullish fractals.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is opening its mouth downwards. The indicators are in the green zone; there is a Squat bar on the MFI; the price is finishing a bullish fractal. My sell order with a protective stop above the Alligator’s mouth worked.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The indicators are in the red zone; there are Squat bars on the MFI. I’m planning to move the stop into the black after the price finished a bullish fractal.
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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.