Bill Williams’ Indicators Analysis 10.06.2013 (USD/CAD, NZD/USD)
10.06.2013
Analysis for June 10th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; AO and AC indicators are in the green zone; there is a Fade bar on the MFI, but might be a Squat one too. I’m keeping my order; a protective stop is close to the Alligator’s teeth; Take Profit is below bearish fractals.
At the H1 chart of the USD/CAD currency pair, the Alligator is also moving downwards. AO and AC indicators are in the green zone; there might be a Squat bar on the MF. I expect the price to reach Take Profit after completing a bullish fractal.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price formed a bearish fractal; the angle of angulation is open; AO and AC indicators are in the grey zone; there is a Fade bar on the MFI, but might be a Squat one too. A new bullish fractal may break the Alligator’s mouth again.
At the H1 chart of the NZD/USD currency pair, the Alligator is also moving downwards. The price is finishing a bullish fractal; AC is near the balance line; there is a Squat bar on the MFI. I’m staying out of the market until the price forms a bearish fractal.
RoboForex Analytical Department
Attention!
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.