Bill Williams’ Indicators Analysis 02.05.2013 (USD/CAD, NZD/USD)
02.05.2013
Analysis for May 2nd, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is still moving downwards. The angle of angulation is almost closed; AO and AC indicators are in the green zone; there is a Fade bar on the MFI, however there might be a Squat one too. A protective stop on my sell order has been moved to the Alligator’s teeth.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The indicators are in the green zone; there are two Squat bars on the MFI. The market may break the fractals downwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator closed its mouth. The indicators are in the red zone; the price is finishing a bearish fractal; there might be a Squat bar on the MFI. I’m planning to open another buy order as soon as the price completes a bearish fractal.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price is finishing a bullish fractal; the indicators are in the green zone; there might be a Squat bar on the MFI. The market may break the fractals downwards.
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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.