Bill Williams’ Indicators Analysis 24.04.2013 (USD/CAD, NZD/USD)
24.04.2013
Analysis for April 24th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth, but still moving upwards. There is a Squat bar on the MFI; the indicators are in the red zone. I’m keeping my order opened with the target above bullish fractals.
At the H1 chart of the USD/CAD currency pair, the Alligator is still sleeping, the lines are intertwined. The indicators are in the green 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, but closing its mouth slowly. The indicators are in the green zone; there is a divergence with AO. I’ve closed my sell order, but if the price rebounds from the Alligator’s teeth downwards, I may open a new one.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The indicators are in the green zone; there is a Fade bar on the MFI. The price is far away from bearish fractals, above the Alligator’s jaw. I’m staying out of the market.
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