Analysis for April 30th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The angle of angulation is widening; the price is finishing a bullish fractal; AO and AC indicators are in the grey zone (directed in different directions); there is a Green bar on the MFI. I opened a sell order with the target below a bearish fractal; a protective stop is placed above the Alligator’s teeth.
At the H1 chart of the USD/CAD currency pair, the Alligator is closing its mouth slowly, but still moving downwards. AO and AC indicators are in the grey zone; the angulation is weak; there are no Fade bars on the MFI. I opened a sell order with the target below a bearish fractal; a protective stop is placed above the Alligator’s mouth.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The price is finishing a bullish fractal; the indicators are in the grey zone; there is a Squat bar on the MFI. A protective stop on my buy order has been moved above the mouth.
At the H1 chart of the NZD/USD currency pair, the Alligator is almost sleeping. The price is forming a bullish fractal; the indicators are in the green zone; there is a Fade bar on the MFI. A protective stop on this timeframe is placed below the Alligator’s mouth.
RoboForex Analytical Department