Bill Williams’ Indicators Analysis 16.08.2013 (USD/CAD, NZD/USD)
16.08.2013
Analysis for August 16th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouth downwards again. The price is forming a bullish fractal; AO and AC are in the red zone, very close to the balance line; there is a Fade bar on the MFI. I opened one more sell order; a protective stop is above the Alligator’s teeth (red line).
At the H1 chart of the USD/CAD currency pair, the Alligator is slowly moving downwards. The indicators are in the grey zone; there is a Green bar on the MFI. A bullish fractal may reach the Alligator’s jaw (Blue line).
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. AO and AC indicators are in the green zone; the price is finishing a bearish fractal; there is a Fade bar on the MFI. I’m keeping my buy order with a protective stop below the Alligator’s teeth.
At the H1 chart of the NZD/USD currency pair, the Alligator is also moving upwards. The indicators are in the grey zone; there is a Squat bar on the MFI. A bearish fractal may reach the Alligator’s jaw (blue line); the price is expected to move upwards.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.