Bill Williams’ Indicators Analysis 14.05.2013 (USD/CAD, NZD/USD)
14.05.2013
Analysis for May 14th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator made a reverse upwards. The indicators are in the red zone; there is a Fade bar on the MFI; however, there might be a Squat one too. I placed a limit buy order near the Alligator’s teeth.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO and AC indicators are in the red zone; there is a Fade bar on the MFI. A bearish fractal may reach the Alligator’s jaw.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is opening its mouth even wider. The angle of angulation is open on AO; the price is completing a bearish fractal, but the indicators are in the green zone already; there is a Squat bar on the MFI.
At the H1 chart of the NZD/USD currency pair, the Alligator is slowly moving downwards. The price is forming a bullish fractal; AO and AC indicators are in the green zone. There is a Green bar on the MFI; however, there might be a Squat one too. A bullish fractal may reach the Alligator’s jaw.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.