Bill Williams’ Indicators Analysis 07.08.2013 (USD/CAD, NZD/USD)

Analysis for August 7^th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI. The price is expected to move upwards; I’m keeping a buy order with a protective stop below the Alligator’s lips.



At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI, but might be a Squat one too. The price is expected to move upwards.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The angle of angulation is closed; the price is finishing a bullish fractal; AO and AC indicators are in the grey zone; there is a Squat bar on the MFI. The price may complete a bearish fractal below the Alligator’s mouth; I’m staying out of the market.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. The indicators are in the green zone, very close to the balance line; there is a Green bar on the MFI. The price is expected to move upwards a little bit.



 
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