Analysis for October 24th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI and might be a Squat one too. I expect the price to move upwards.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/october/24/usd_cadbil1.jpg)
At the H1 chart of the USD/CAD currency pair, the Alligator is also moving upwards. AO and AC are in the green zone; the angulation is almost closed; there is a Green bar on the MFI and might be a Squat one too. The price is expected to complete a bullish fractal.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/october/24/usd_cadbil2.jpg)
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator closed its mouth. AO is in the green zone, AC is near the balance line; there is a Squat bar on the MFI. I expect the Alligator to make a reverse and start falling down.
![](https://roboforex.com/files/filemanager/image/forecasts/2013/october/24/nzd_usdbil1.jpg)
At the H1 chart of the NZD/USD currency pair, the Alligator is making a reverse downwards. The price is finishing a bearish fractal; AO and AC are in the red zone; there is a Green bar on the MFI. A bullish fractal may reach the Alligator’s teeth (red line).
RoboForex Analytical Department