Bill Williams’ Indicators Analysis 15.07.2013 (USD/CAD, NZD/USD)
15.07.2013
Analysis for July 15th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is slowing down a bit, but still moving downwards. The price is forming a bullish fractal; the angle of angulation is closed; AO and AC indicators are in the green zone; there is a Squat bar on the MFI. I’m keeping my sell order with a protective stop above the Alligator’s teeth.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The indicators are near the balance line; there is a Green bar on the MFI and no Squat ones. After completing a bullish fractal, the price is expected to start moving downwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is forming a bullish fractal; the indicators are in the grey zone, very close to the balance line; there is a Green 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 also sleeping. AO and AC indicators are very close to the balance line; there is a Green bar on the MFI. After completing bullish and bearish fractals, the price is expected to start growing up.
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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.