Bill Williams’ Indicators Analysis 24.10.2013 (USD/CAD, NZD/USD)

Analysis for October 24^th, 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.



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.

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.



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).



 
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