Bill Williams’ Indicators Analysis 17.10.2013 (USD/CAD, NZD/USD)
17.10.2013
Analysis for October 17th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is making a reverse downwards. AO and AC are in the red zone; the angle of angulation is open’; there might be a Squat 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 bearish fractal; the indicators are in the red zone; there are no Squat bars on the MFI. A bullish fractal may reach the Alligator’s jaw.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is also moving upwards. The angulation is weak; AC is near the balance line, AO is in the green zone; there is a Squat bar 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. The price is finishing a bullish fractal; AO and AC are in the green zone; there might be a Squat bar on the MFI. The price is expected to fall down a little bit and break the Alligator’s jaw.
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