Bill Williams’ Indicators Analysis 20.08.2013 (USD/CAD, NZD/USD)
20.08.2013
Analysis for August 20th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouth upwards. The price is finishing a bullish fractal; AO and AC are in the green zone; the angle of angulation is open; there is a Fade bar on the MFI. I’m out of the market.
At the H1 chart of the USD/CAD currency pair, the Alligator is also moving upwards. AO and AC are in the grey zone; there is a Green bar on the MFI. After completing a bearish fractal, the price is expected to move upwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator closed its mouth. The indicators are in the red zone, the price is finishing a bearish fractal; there is a Fade bar on the MFI, but might be a Squat one too. After completing a bullish fractal, the price is expected to move downwards.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. AO and AC are in the green zone; there is a Fade bar on the MFI. A bullish fractal may reach the Alligator’s teeth (red line); the price is expected to move downwards.
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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.