Bill Williams’ Indicators Analysis 03.02.2014 (USD/CAD, NZD/USD)

03.02.2014

Analysis for February 3rd, 2014

USD/CAD

At H4 chart of USD/CAD, Alligator is closing its mouth. Indicators are in red zone; there is Squat bar on the MFI. After bullish fractal, I expect breakout of fractals to the downside.



At H1 chart of USD/CAD, Alligator reversed downwards. Angulation is closing; indicators are in green zone; price is forming bullish fractal; there is 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 downward. Indicators are in green zone; angulation is open; there is Squat bar on the MFI. After bearish fractal, I expect angulation to close.



At H1 chart of NZD/USD, Alligator is also moving downwards, but closing its lips. Indicators are in red zone; we can see divergence with AO; there is Green bar on the MFI and might be Squat one too. After bearish fractal, 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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