Analysis for June 24th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USDCAD, Alligator is moving downwards; AO and AC are in gray zone; Squat bar is visible on MFI. Bullish fractal can reach Alligator’s mouth (green line), then fractals can be broken out to the downside.
At H1 chart of USDCAD, Alligator is going down, but AO and AC are in green zone, MFI is descending and squat bar can appear. Bullish fractal can reach jaw (blue line), then I expect breakout of fractals to the downside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZDUSD, Alligator is losing momentum, indicators are in red zone, divergence between AO is still in place, MFI is growing without squat bars. Expecting breakout of fractals to the upside and reversal of Alligator to the downside.
At H1 chart, Alligator is sleeping, AO and AC are in gray zone and almost near balance line, squat bar can appear on MFI. I expect breakout of fractals to the upside, then breakout to the downside.RoboForex Analytical Department