Analysis for October 8th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The price is completing a bullish fractal; the indicators are near the balance line; there is a Fade bar on the MFI. I expect the price to move downwards.
At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal; the indicators are in the grey zone; there is a Squat bar on the MFI. I expect the price to complete a bullish fractal and then move downwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. AO and AC are near the balance line; there is a Squat bar on the MFI. I expect the price to complete a bearish fractal and then move upwards.
At the H1 chart of the NZD/USD currency pair, the Alligator is also sleeping. AO and AC are in the green zone; there is a Fade bar on the MFI. I expect the price to form two equidistant fractals (a bearish and bullish ones) and then move upwards.
RoboForex Analytical Department