Bill Williams’ Indicators Analysis 24.05.2013 (USD/CAD, NZD/USD)
24.05.2013
Analysis for May 24th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is slowly closing its mouth. There is a Fade bar on the MFI; AO and AC indicators are in the grey zone (directed in different directions); the price finished a bearish fractal. I’m keeping my buy order with the target above a bullish fractal; a protective stop is below the Alligator’s teeth.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. Divergence made the price move downwards; the indicators are in the grey zone; there is a Fade bar on the MFI, however, there might be a Squat one too. After forming a bearish fractal, the price is expected to break a bullish one towards Take Profit.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is slowing down and closing its mouth. AO and AC indicators are in the grey zone; there are no Squat bars on the MFI. I’m staying out of the market until the price completes a bearish fractal.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. AO and AC indicators are near the balance line, in the green zone; there is a Squat bar on the MFI. I’m staying out of the market.
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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.