Bill Williams’ Indicators Analysis 16.10.2013 (USD/CAD, NZD/USD)
16.10.2013
Analysis for October 16th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. AO is near the balance line, AC is in the red zone; there are no Squat bars 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, but slowly closing its mouth. The price is forming a bullish fractal; the indicators are in the red zone; there are no Squat bars on the MFI. I expect the price to move downwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. AC is near the balance line, AO is in the green zone; there are no Squat bars on the MFI. I expect the price to complete a bearish fractal near the Alligator’s lips and then move upwards.
At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. AO and AC are in the green zone; the price is forming a bearish fractal; there is a Green bar on the MFI. The bearish fractal may reach the Alligator’s jaw (blue line).
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