Bill Williams’ Indicators Analysis 22.10.2013 (USD/CAD, NZD/USD)
22.10.2013
Analysis for October 22nd, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The price is forming a bearish fractal; AO and AC are in the grey zone; the angle of angulation is almost closed; there are no Squat bars on the MFI. A bullish fractal may reach the Alligator’s teeth (red line).
At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO and AC are in the red zone; there might be a Squat bar on the MFI. The price is expected to form two equidistant fractals and then move downwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is closing its lips (green line). The angulation is closed; AC and AO are in the grey zone; there is a Green bar on the MFI and might be a Squat one too. A bearish fractal nay reach the Alligator’s jaw (blue line).
At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; AO and AC are in the green zone; there is a Green bar on the MFI. The price is expected to fall down a little bit.
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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.