Bill Williams’ Indicators Analysis 09.05.2013 (USD/CAD, NZD/USD)

Analysis for May 9^th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is slowly closing its mouth, but still moving downwards. The indicators are in the red zone; the price formed a bullish fractal; there might be a Squat bar on the MFI. A protective stop on my sell order has been moved into the black.



At the H1 chart of the USD/CAD currency pair, the Alligator is also moving downwards. AO and AC indicators are in the grey zone; there is a divergence with AC; there are Green and Squat bars on the MFI. I’m keeping my sell order opened with the target below a bearish fractal.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is opening its mouth downwards. The angle of angulation is closed; the indicators are in the green zone; the price is forming a bullish fractal; there might be a Squat bar on the MFI. I’m staying out of the market.



At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. AO and AC indicators are in the green zone; there are no Squat bars on the MFI; the price is forming a bullish fractal. I’m planning to open long positions as soon as the Alligator makes a reverse.



 
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