Bill Williams’ Indicators Analysis 08.05.2014 (USD/CAD, NZD/USD)
08.05.2014
Analysis for May 8th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is moving downwards. Indicators are in green zone; there might be Squat bar on the MFI. After bearish fractal, bullish fractal may close the angulation.
At H1 chart of USD CAD, Alligator is closing its mouth. AO is in green zone, AC is close to balance line; there might be Squat bar on the MFI. After bearish fractal, I expect breakout of fractal to the upside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is closing its mouth. Price is forming bearish fractal; AO and AC are in grey zone; there might be Squat bar on the MFI. Bearish fractal may reach D Alligator’s teeth.
At H1 chart of NZD USD, Alligator reversed downwards. AO is in red zone, AC is near balance line; there is Squat bar on the MFI. After bullish fractal, I expect breakout of fractals to the downside.
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