Bill Williams’ Indicators Analysis 18.04.2013 (USD/CAD, NZD/USD)
18.04.2013
Analysis for April 18th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price finishing a bullish fractal; we can see saucer on AO, the indicators are in the grey zone. My protective stop has been moved into the black; after completing a bearish fractal, the price may reach Take Profit.
At the H1 chart of the USD/CAD currency pair, the Alligator is also directed upwards. AO and AC indicators are in the red zone; there is no activity on the MFI. The price is forming a bearish fractal, which is directed right into the Alligator’s jaw.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. There might be a Squat bar on the MFI; the indicators are in the grey zone; the price is forming a bullish fractal. I’m keeping my sell order opened 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 indicators are in the green zone; there is no activity on the MFI. A bullish fractal may go right through the Alligator’s jaw, but is quite unlikely to stop this descending movement.
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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.