Analysis for May 26th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is moving downwards. AO and AC are in red zone; there is Squat bar on the MFI. Bullish fractal may reach Alligator’s lips (green line), and then I expect breakout of fractals to the downside.
At H1 chart of USD CAD, Alligator is moving southwards. AO and AC are in red zone; there are no Squat bars on the MFI. Bullish fractal may reach Alligator’s jaw (blue line), and then I expect breakout of fractals to the downside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator broke D Alligator’s jaw, and right now is moving downwards. AO is in green zone, AC is near balance line; we can see slight divergence with AO; there is Fade bar on the MFI and might be Squat one too. Bullish fractal may reach H4 Alligator’s and D Alligator’s jaws (blue lines), and then I expect breakout of fractals to the downside.
At H1 chart of NZD USD, Alligator is moving downwards. AO and AC are in green zone; we can see slight divergence with AO; there might be Squat bar on the MFI. I expect breakout of fractals to the upside.
RoboForex Analytical Department