Analysis for September 17th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. AC is in the green zone, AO is near the balance line; there is a Fade bar on the MFI. I expect the price to rebound from the Alligator’s teeth while forming a bullish fractal.
At the H1 chart of the USD/CAD currency pair, the Alligator is opening its mouth upwards. The indicators are in the grey zone; there is a Squat bar on the MFI. I expect the price to form two equidistant fractals and then move upwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The indicators are in the red zone; there is a Fade bar on the MFI. The price is expected to move upwards a little bit.
At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. AO and AC are in the grey zone; there is a Fade bar on the MFI. I expect the price to form two equidistant fractals and then move upwards.
RoboForex Analytical Department