Bill Williams’ Indicators Analysis 01.05.2013 (USD/CAD, NZD/USD)

Analysis for May 1^st, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is still moving downwards. The angle of angulation is widening; the price finished a bearish fractal; AO and AC indicators are in the red zone; there is a Fade bar on the MFI. I’m keeping my sell order opened with the target below a bearish fractal.



At the H1 chart of the USD/CAD currency pair, the Alligator is also moving downwards. AO and AC indicators are in the grey zone; there is a Fade bar on the MFI. I’m keeping my sell order opened.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The indicators are in the red zone; the price is finishing a bullish fractal; there is a Squat bar on the MFI. A protective stop has been moved below the Alligator’s teeth.



At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The price is forming a bearish fractal; there is a divergence with AO; the indicators are in the grey zone; there is a Fade bar on the MFI. I’m keeping my buy order opened with the target above a new bullish fractal.



 
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