Analysis for July 28th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is moving upwards. AO and AC are in grey zone. There is Squat bar on the MFI. I expect the break of fractals upwards.
At H1 chart of USD CAD, Alligator is moving upwards. AO and AC are in grey zone. There is Fade bar on the MFI and Squat bar is possible. Bearish fractal may reach Alligator’s jaw (blue line), then I expect breakout of fractals to the upside.
NZD USD, “New Zealand Dollar vs US Dollar”
As we can see at H4 chart of NZD USD, Alligator is moving downwards. AO is in green zone. AC is near balance line. There is Squat bar on the MFI. Fractal upwards may reach Alligator’s lips (green line), and then I expect breakout of fractals to the downside towards W Alligator’s teeth.
At H1 chart of NZD USD, Alligator is moving downwards, AO is in red zone. AC is near balance line. Fractal upwards may be completed near Alligator’s jaw (blue line), then I expect breakout of fractals to the downside.
RoboForex Analytical Department