Bill Williams’ Indicators Analysis 23.04.2013 (USD/CAD, NZD/USD)
23.04.2013
Analysis for April 23rd, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouth upwards. There might be a Squat bar on the MFI; AO and AC indicators are in the grey zone; the price forming a bearish fractal. I’m keeping my buy order opened.
At the H1 chart of the USD/CAD currency pair, the Alligator is still sleeping. The indicators are in the grey zone; there might be a Squat bar on the MFI. I’m keeping my buy order opened with the target above a bullish fractal; a protective stop has been moved into the black.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. AO and AC indicators are in the red zone again; there is a Squat bar on the MFI. I’m keeping my sell order opened with a protective stop near the Alligator’s jaw.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is forming a bullish fractal; the indicators are in the green zone; there is a Green bar on the MFI. I’m keeping my sell order opened with the target below a bearish 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.