Bill Williams’ Indicators Analysis 02.10.2013 (USD/CAD, NZD/USD)

Analysis for October 2^nd, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator opened 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 a little bit.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. AC is near the balance line, AO is in the green zone; there is a Fade bar on the MFI. I expect the price to form a bearish fractal and then move upwards.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is opening its mouth downwards. The angle of angulation is open; AO and AC are in the red zone; there is a Fade bar on the MFI. I expect the price to form a bearish fractal and then move upwards.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. AO and AC are in the green zone; there is a Fade bar on the MFI. I expect the price to form a bullish fractal and then move downwards a little bit.



 
RoboForex Analytical Department