Bill Williams’ Indicators Analysis 06.01.2014 (USD/CAD, NZD/USD)

06.01.2014

Analysis for January 6th, 2014

USD/CAD

At H4 chart of USD/CAD, Alligator is opening its mouth downwards. AO and AC are in grey zone; there might be Squat bar on the MFI. I expect breakout of fractal to the downside.



At H1 chart of USD/CAD, Alligator is moving southwards. AO and AC are in red zone; there might be Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line) and then I expect breakout of fractals to the downside.



NZD/USD

At H4 chart of NZD/USD, Alligator is moving northwards. Price is forming bearish fractal; indicators are in red zone; there might be Squat bar on the MFI. I expect breakout of fractals to the upside.



At H1 chart of NZD/USD, Alligator is closing its lips. AO and AC are in grey zone; there are no Squat bars on the MFI. Bearish fractal may reach Alligator’s jaw (blue line) and then I expect breakout of fractals to the upside.



 
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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.

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