Bill Williams’ Indicators Analysis 17.05.2013 (USD/CAD, NZD/USD)

Analysis for May 17^th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator opened its mouth upwards. The price is forming a bearish fractal near the lips; AO and AC indicators are in the grey zone; there might be a Squat bar on the MFI. I opened a buy order with a protective stop below the Alligator’s teeth.



At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The price is forming fractals, which are equidistant from the Alligator; AO and AC indicators are in the green zone; there is a Fade bar on the MFI; I opened a buy order with the target above a bullish fractal.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price completed a bearish fractal; there is a signal on AO, Inverted Saucer; the indicators are in the red zone; there is a Fade bar on the MFI; however, there might be a Squat one too. My sell order worked; a protective stop has been moved closer to the lips.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. AO and AC indicators are in the grey zone; there is a Squat bar on the MFI. I opened a sell order; a protective stop at this timeframe is placed above the Alligator’s mouth.



 
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