Analysis for October 18th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. AO and AC are in the green zone; the angle of angulation is open’; there might be a Squat bar on the MFI. I expect the price to complete a bullish fractal near the Alligator’s lips (green line) and move downwards.
At the H1 chart of the USD/CAD currency pair, the Alligator is also moving upwards. The price is forming a bullish fractal; AO is in the green zone, AC is near the balance line; there might be a Squat bar on the MFI. A bullish fractal may reach the Alligator’s jaw (blue line).
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The angulation is weak; AC and AO are in the red zone; there is a Squat bar on the MFI. I expect the price to complete a bearish fractal near the Alligator’s teeth and then move upwards.
At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The price is finishing a bullish fractal; AO and AC are in the grey zone; there is a Green bar on the MFI. The price is expected to fall down a little bit and break the Alligator’s jaw.
RoboForex Analytical Department