Bill Williams’ Indicators Analysis 29.08.2013 (USD/CAD, NZD/USD)
29.08.2013
Analysis for August 29th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The price is finishing a bullish fractal; AO and AC is in the grey zone; there is a Squat bar on the MFI. I expect the Alligator’s jaw (blue line) to stop a bearish fractal and then the price to move upwards.
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The indicators are near the balance line; there is a Green bar on the MFI. I expect the price to move upwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the teeth (red line) stopped a bullish fractal as the Alligator continues moving downwards. There is still a divergence; AC is in the green zone, AO is near the balance line; there is a Fade bar on the MFI. Take Profit on my sell order worked.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The indicators are in the red zone; the price is finishing a bearish fractal; there is a Green bar on the MFI. I expect the pair to move downwards.
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