Analysis for July 26th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. AO and AC indicators are in the red zone; there are no Squat bars on the MFI. I’m keeping my sell order with the target below bearish fractals; a protective stop is above the Alligator’s teeth.
At the H1 chart of the USD/CAD currency pair, the Alligator opened its mouth downwards. AO and AC are in the grey zone; there is a Squat bar on the MFI; the price is forming a bearish fractal. The price is expected to fall down towards Take Profit.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is still moving upwards. AO and AC are in the grey zone; there is a Fade bar on the MFI, and might be a Squat one too. I expect the price to complete a bullish fractal and the angle of angulation to close.
At the H1 chart of the NZD/USD currency pair, the Alligator opened its mouth upwards. The indicators are in the red zone; the price is forming a bearish fractal; there is a Fade bar on the MFI, and might be a Squat one too. The price is expected to move upwards.
RoboForex Analytical Department