Bill Williams’ Indicators Analysis 03.05.2013 (USD/CAD, NZD/USD)
03.05.2013
Analysis for May 3rd, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is still closing its mouth. The angle of angulation is closed; the indicators are in the green zone; there is a Fade bar on the MFI, however there might be a Squat one too. I closed my sell order with a small profit and plan to open a new one after a correction.
At the H1 chart of the USD/CAD currency pair, the Alligator is opening its mouth upwards. AO and AC indicators are in the green zone; there are two Squat bars on the MFI. The market may break a bullish fractal.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The indicators are in the green zone; the price finished a bearish fractal; there might be a Squat bar on the MFI. I opened a buy order; a protective stop is in the black.
At the H1 chart of the NZD/USD currency pair, the Alligator is going to sleep. The indicators are in the grey zone; there are Squat bars on the MFI; the price is finishing a bullish fractal. The market may break the fractals upwards.
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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.