Analysis for May 20th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is going to sleep; D Alligator is still moving southwards. Indicators are in green zone; price is forming bullish fractal; there is Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line), and then I expect breakout of fractals to the downside.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/13/usd_cadbil1_87.png)
At H1 chart of USD CAD, Alligator is reversing upwards. AO is in red zone, AC is near balance line; there is Squat bar on the MFI. After two equidistant fractals, I expect breakout of fractals to the downside.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/38/usd_cadbil2_87.png)
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator is opening its mouth downwards. AO and AC are in red zone; there is Fade bar on the MFI and might be Squat one too. Bearish fractal may reach D Alligator’s teeth, and then I expect breakout of fractals to the upside.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/12/nzd_usdbil1_88.png)
At H1 chart of NZD USD, Alligator is moving southwards. AO and AC are in grey zone; there is Green bar on the MFI and no Squat ones. Bullish fractal may reach Alligator’s jaw, and then I expect breakout of fractals to the downside.
RoboForex Analytical Department