Bill Williams’ Indicators Analysis 10.10.2013 (USD/CAD, NZD/USD)
10.10.2013
Analysis for October 10th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The angle of angulation is open; the price is completing a bullish fractal; the indicators are in the grey zone; there are no Squat bars 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 also moving upwards. The angulation is weak; the price is forming a bearish fractal; the indicators are in the red zone; we can see a divergence with AO; 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 Alligator is still sleeping. AO and AC are in the red zone; there is a Squat bar on the MFI. I expect the price to complete a bearish fractal.
At the H1 chart of the NZD/USD currency pair, the Alligator opened its mouth downwards. The angulation is strong; AO and AC are in the grey zone; there are no Squat bars on the MFI. I expect the price to reach the Alligator’s teeth and close the angle of angulation.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.