Bill Williams’ Indicators Analysis 09.07.2013 (USD/CAD, NZD/USD)

Analysis for July 9^th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a bearish fractal; AO and AC indicators are in the red zone; there is a Squat bar on the MFI. I’m keeping my buy order with a protective stop below the Alligator’s teeth (red line).



At the H1 chart of the USD/CAD currency pair, the Alligator went to sleep again. AO and AC indicators are in the red zone; there is a Green bar on the MFI, bit no Squat ones. After completing a bearish fractal, the price may start growing up and break the Alligator’s mouth.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is forming a bullish fractal; AO and AC indicators are in the grey zone; there is a Fade bar on the MFI and might be a Squat one too. I’m staying out of the market.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. The angle of angulation is open; the price is forming a bullish fractal; AO and AC indicators are in the green zone; there is a Green bar on the MFI, but no Squat ones yet. After completing the bullish fractal, the price is expected to start falling down and break the Alligator’s mouth.



 
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