Bill Williams’ Indicators Analysis 23.08.2013 (USD/CAD, NZD/USD)
23.08.2013
Analysis for August 23rd, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator opened its mouth upwards. The price is finishing a bullish fractal; the angle of angulation is open; AO and AC are in the green zone; there is a Squat bar on the MFI. I’m out of the market until the price finishes a bearish fractal.
At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price formed a bullish fractal; AO and AC are in the grey zone; there is a Fade 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 is moving downwards. The indicators are in the grey zone, the price is finishing a bearish fractal; there is a Squat bar on the MFI. I’m keeping my sell order; a protective stop is above the teeth.
At the H1 chart of the NZD/USD currency pair, the Alligator is slowing down and closing its mouth. The indicators are in the red zone; the price is finishing a bearish fractal; there is a Green bar on the MFI. A bullish fractal may reach the Alligator’s jaw (blue line).
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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.