Analysis for June 13th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is moving downwards. Angulation is open; indicators are in green zone; there is Green bar on the MFI and might be Squat one too. 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 still moving downwards. Indicators are in green zone; we can see divergence with AO; there is Green bar on the MFI and might be Squat one too. Bullish fractal may reach Alligator’s jaw, 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 is moving upwards. Price is finishing bullish fractal; AO and AC are in grey zone; there is Squat bar on the MFI. Bearish fractal may reach H4 Alligator’s lips, and then I expect breakout of fractals to the upside.
At H1 chart of NZD USD, Alligator opened its mouth upwards. AO and AC are in grey zone; there is Green bar on the MFI and might be Squat one too. Bearish fractal may reach Alligator’s jaw (blue line) and close angulation. After that, I expect breakout of fractals to the upside.
RoboForex Analytical Department