Analysis for September 5th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. AO and AC is in the grey zone; there is a Fade bar on the MFI. The price is expected rebound from the Alligator’s mouth while forming a bullish fractal.
At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; the indicators are in the green zone; there are no Squat bars on the MFI. The price is expected to rebound from the Alligator’s jaw (blue line) while forming a bullish fractal.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator made a reverse upwards. The indicators are in the red zone; there is a Squat bar on the MFI. The pair is expected to rebound from the Alligator’s teeth (red line) while forming a fractal and the move upwards a little bit.
At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The price is forming a bearish fractal; the indicators are in the red zone; there is a Fade bar on the MFI. The price is expected to break the Alligator’s mouth downwards.
RoboForex Analytical Department