Bill Williams’ Indicators Analysis 21.10.2013 (USD/CAD, NZD/USD)
21.10.2013
Analysis for October 21st, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; AO and AC are in the green zone; the angle of angulation is closing; there is a Green bar on the MFI. The bullish fractal near the Alligator’s lips.
At the H1 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The price is forming a bullish fractal; AO and AC are near the balance line; there might be a Squat bar on the MFI. The bullish fractal may break 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 closing; AC and AO are in the red zone; there might be a Squat bar on the MFI. A bearish fractal nay reach the Alligator’s teeth (red line).
At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The price is forming a bearish fractal; AO and AC are in the red zone, very close to the balance line; there is a Green bar on the MFI. The price is expected to fall down a little bit and break the Alligator’s jaw.
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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.