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.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/40/usdcadbil1.jpg)
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.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/30/usdcadbil2.jpg)
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.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/october/16/nzd_usdbil1.jpg)
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).
RoboForex Analytical Department