Bill Williams’ Indicators Analysis 09.05.2014 (USD/CAD, NZD/USD)
09.05.2014
Analysis for May 9th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is moving downwards. Indicators are in red zone; there might be Squat bar on the MFI. After bearish fractal, bullish fractal may reach Alligator’s teeth (red line).
At H1 chart of USD CAD, Alligator is also moving downwards. Price completed bearish fractal; AO and AC are in green zone; there might be Squat bar on the MFI. I expect breakout of fractal to the downside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator closed its mouth. Price is forming bullish 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 is moving 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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