Bill Williams’ Indicators Analysis 26.04.2013 (USD/CAD, NZD/USD)
26.04.2013
Analysis for April 26th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is making a reverse downwards. The indicators are in the red zone; there might be a Squat bar on the MFI; the price is forming a bearish fractal. I’ve placed a limit sell order.
At the H1 chart of the USD/CAD currency pair, the Alligator woke up and right now is moving downwards. The indicators are in the green zone; there is a Fade bar on the MFI; the price is forming a bullish fractal. A protective stop on my sell order is above the Alligator’s mouth.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards again. The price formed a bullish fractal; AO and AC indicators are in the grey zone; there is a Squat bar on the MFI. I’m expecting the price to complete a bearish fractal and placing a limit buy order.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The indicators are in the grey zone. A bearish fractal may break the Alligator’s jaw.
RoboForex Analytical Department
Attention!
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.