Bill Williams’ Indicators Analysis 06.05.2013 (USD/CAD, NZD/USD)

Analysis for May 6^th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards again. The indicators are in the red zone; there might be a Squat bar on the MFI. I opened a sell order; a protective stop is placed above the Alligator’s mouth.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards. AO and AC indicators are in the grey zone so far; there is a Squat bar on the MFI. I opened a sell order with the target below bearish fractals.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The indicators are in the grey zone so far; the price finished a bullish fractal; there is a Squat bar on the MFI. I opened a buy order; a protective stop is below the Alligator’s mouth.



At the H1 chart of the NZD/USD currency pair, the Alligator is opening its mouth upwards. The indicators are in the red zone; there is a Fade bar on the MFI, however there might be a Squat one too. After the price finishes a bearish fractal, it is expected to break bullish ones.



 
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