Bill Williams’ Indicators Analysis 29.01.2014 (USD/CAD, NZD/USD)

29.01.2014

Analysis for January 29th, 2014

USD/CAD

At H4 chart of USD/CAD, Alligator is still moving upwards. Indicators are in red zone, AC is close to balance line; we can see divergence with AO; there might be Squat bar on the MFI. After bullish fractal, I expect breakout of fractals to the downside.



At H1 chart of USD/CAD, Alligator is closing its lips. Indicators are in red zone, AC is near balance line; angulation is almost closed; there are no Squat bars on the MFI. I expect slight breakout of fractals to the upside.



NZD/USD At H4 chart of NZD/USD, Alligator is sleeping. Indicators are in grey zone; there might be Squat bar on the MFI. After bearish fractal, I expect breakout of fractals to the upside.



At H1 chart of NZD/USD, Alligator is moving upwards. Indicators are in red zone; price s forming bearish fractal; we can see divergence with AO; there is Green bar on the MFI and no Squat ones. Bearish fractal may break 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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