Analysis for May 2nd, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is moving downwards. Price completed bearish fractal below Alligator’s mouth; AO and AC are in grey zone; there might be Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line).
![](https://roboforex.com/uploads/roboforecast/roboforex_com/13/usd_cadbil1_75.png)
At H1 chart of USD CAD, Alligator is sleeping. Price is forming bullish fractal; indicators are in green zone; there is Squat bar on the MFI. Bullish fractal may break Alligator’s jaw (blue line) upwards.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/38/usd_cadbil2_75.png)
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator reversed northwards. Price is forming bullish fractal; AO and AC are in grey zone; there might be Squat bar on the MFI. Price is expected to complete bullish fractal.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/12/nzd_usdbil1_76.png)
At H1 chart of NZD USD, Alligator is moving upwards. AO and AC are in red zone; there is Green bar on the MFI and might be Squat one too. Bearish fractal may reach Alligator’s teeth, and then I expect breakout of fractal to the upside.
RoboForex Analytical Department