Bill Williams’ Indicators Analysis 11.06.2013 (USD/CAD, NZD/USD)
11.06.2013
Analysis for June 11th, 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; the indicators are in the grey zone; there is a Fade bar on the MFI, but might be a Squat one too. I’m keeping my order; a protective stop and Take Profit are the same.
At the H1 chart of the USD/CAD currency pair, the Alligator is slowing down a bit. AO and AC indicators are near the zero line; there is a Green bar on the MFI and might be a Squat one too. I expect a bearish fractal to reach Take Profit.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; the angle of angulation is almost closed; the indicators are in the grey zone; there is a Fade bar on the MFI, but might be a Squat one too. A bullish fractal may break the Alligator’s mouth.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is finishing a bearish fractal; AO and AC are near the balance line; there is a Fade bar on the MFI, but might be a Squat one too. I’m staying out of the market until the price forms a bearish fractal.
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