Analysis for April 28th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is moving upwards. Bullish fractal has reached D Alligator’s jaw; AO and AC are near balance line; there is Squat bar on the MFI. I expect slight breakout of fractals to the downside.
At H1 chart of USD CAD, Alligator is going to sleep. Indicators are in red zone; there is Fade bar on the MFI and no Squat ones. I expect breakout of fractals to the downside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is moving southwards. AO and AC are in red zone; there might be Squat bar on the MFI. Bearish fractal may reach D Alligator’s jaw.
At H1 chart of NZD USD, Alligator is reversing downwards. Price is forming bearish fractal; AC is in red zone, AO is near balance line; there is Green bar on the MFI and might be Squat one too. I expect breakout of fractals to the downside.
RoboForex Analytical Department