Analysis for November 8th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The indicators are in green zone, AO is near balance line; the price is forming a bullish fractal; there might be a Squat bar on the MFI. After bullish fractal, I expect slight breakout of fractals to the downside.
At the H1 chart of the USD/CAD currency pair, divergence forced the Alligator to reverse upwards. AO and AC are in grey zone; there might be a Squat bar on the MFI. I expect slight breakout of fractals to the upside.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The indicators are in red zone; there might be a Squat bar on the MFI. Bearish fractal may reach the Alligator’s jaw (blue line) and then I expect breakout of fractals to the upside.
At the H1 chart of the NZD/USD currency pair, the Alligator is reversing downwards. AO and AC are in grey zone; there might be Squat bar on the MFI. After bearish fractal, I expect breakout of the Alligator’s mouth upwards.
RoboForex Analytical Department