Analysis for May 6th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is moving downwards. Price completed bearish fractal; we can see divergence with AO, indicators are in green zone; there is Squat bar on the MFI. Bullish fractal may reach Alligator’s teeth (red line).
![](https://roboforex.com/uploads/roboforecast/roboforex_com/13/usd_cadbil1_77.png)
At H1 chart of USD CAD, Alligator is moving downwards. AO is in green zone, AC is close to balance line; there are no Squat bars on the MFI. After bullish fractal, I expect breakout of fractals to the downside.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/38/usd_cadbil2_77.png)
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is opening its mouth northwards. Price is forming bullish fractal; AO and AC are in grey zone; there are no Squat bars on the MFI. Bearish fractal may reach Alligator’s teeth (red line), and then I expect breakout of fractals to the upside.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/12/nzd_usdbil1_78.png)
At H1 chart of NZD USD, Alligator is moving upwards. AO and AC are in red zone; there is Squat bar on the MFI. Bearish fractal may reach Alligator’s jaw (blue line), and then I expect slight breakout of fractal to the upside.
RoboForex Analytical Department