Analysis for August 27th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is still moving upwards. The price is forming a bullish fractal; AO and AC are in the grey zone; there is a Squat bar on the MFI. I expect the price to move upwards.
At the H1 chart of the USD/CAD currency pair, the Alligator is opening its mouth upwards. The indicators are in the green zone; there is a Fade bar on the MFI. I expect the price to move upwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is still moving downwards. The indicators are in the red zone, the price is forming a bearish fractal; there is a Fade bar on the MFI. I’m keeping my sell order; a protective stop is above the lips (green line).
At the H1 chart of the NZD/USD currency pair, the Alligator is making a reverse downwards. The indicators are in the red zone; the price is forming a bearish fractal; there is a Green bar on the MFI. I expect the pair to move downwards.
RoboForex Analytical Department