Bill Williams’ Indicators Analysis 02.08.2013 (USD/CAD, NZD/USD)

02.08.2013

Analysis for August 2nd, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The price broke the Alligator’s jaw (blue line) upwards; the indicators are in the grey zone; there is a Fade bar on the MFI. I’m staying out of the market until the price completes a bearish fractal.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. The indicators are in the red zone; there is a Fade bar on the MFI. After closing the angle of angulation, the price is expected to start moving upwards.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; AO and AC indicators are in the grey zone; there is a Green bar on the MFI and might be a Squat one too. I’m keeping my sell order; a protective stop is near the Alligator’s teeth (red line).



At the H1 chart of the NZD/USD currency pair, the Alligator is slowly moving downwards. The indicators are in the red zone again; there is a Squat bar on the MFI. The price is expected to break bearish fractals again.



 
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