Bill Williams’ Indicators Analysis 09.08.2013 (USD/CAD, NZD/USD)

Analysis for August 9^th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator closed its mouth. There is a divergence; the price is forming a bullish fractal; AO and AC are in the grey zone; there is a Squat bar on the MFI. I’m keeping a pending buy order with a protective stop above the Alligator’s lips.



At the H1 chart of the USD/CAD currency pair, the Alligator made a rapid descending movement. The angle of angulation is closing; AO and AC are in the grey zone; there is a Fade bar on the MFI. The Alligator’s teeth (red line) may stop a bullish fractal.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. 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 is expected to start moving upwards again.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards, but slowly closing its mouth. The price is forming a bullish fractal; there is a divergence with AO, both indicators are near the balance line; there is a Green bar on the MFI and might be a Squat one too. A bearish fractal may reach the Alligator’s jaw (blue line).


 
RoboForex Analytical Department