Bill Williams’ Indicators Analysis 17.06.2013 (USD/CAD, NZD/USD)
17.06.2013
Analysis for June 17th, 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 are in the red zone; there is a Squat bar on the MFI. I’m keeping my order; a protective stop is close to the Alligator’s teeth (red line).
At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards slowly. AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI and might be a Squat one too. A bullish fractal may break the Alligator’s jaw.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The price is forming a bearish fractal; the indicators are in the red zone; there might be a Squat bar on the MFI. I opened a buy order with a protective stop near the Alligator’s teeth.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards slowly. AO and AC are in the grey zone, very close to the balance line; there is a Fade bar on the MFI and might be a Squat one too. I expect the price to start growing up towards Take Profit.
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