Analysis for May 7th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is moving downwards. Price is forming bearish fractal; indicators are in red zone; there is Squat bar on the MFI. After bearish fractal, bullish fractal may close the angulation.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/13/usd_cadbil1_78.png)
At H1 chart of USD CAD, Alligator is also moving downwards. AO and AC are in green zone; there is Squat bar on the MFI. I expect slight breakout of fractal to the downside.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/38/usd_cadbil2_78.png)
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is opening its mouth northwards. Price is forming bearish fractal; AO and AC are in red zone; there are no Squat bars on the MFI. Bearish fractal may reach Alligator’s teeth (red line) and close the angulation.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/12/nzd_usdbil1_79.png)
At H1 chart of NZD USD, Alligator is going to sleep. AO and AC are in red zone; there might Squat bar on the MFI. I expect breakout of Alligator’s mouth to the downside.
RoboForex Analytical Department