Bill Williams’ Indicators Analysis 05.02.2014 (USD/CAD, NZD/USD)

05.02.2014

Analysis for February 5th, 2014

USD CAD, “US Dollar vs Canadian Dollar”

At H4 chart of USD CAD, Alligator is reversing southwards. Indicators are in grey zone; there is Green bar on the MFI and no Squat ones. After bullish fractal, I expect breakout of fractals to the downside.



At H1 chart of USD CAD, Alligator is closing its mouth and going to sleep. Indicators are near balance line; there is Fade bar on the MFI and no Squat ones. Bullish fractal may break Alligator’s jaw (blue line), and then I expect breakout of fractals to the downside.




NZD USD, “New Zealand Dollar vs US Dollar”

At H4 chart of NZD USD, Alligator is reversing upwards. Indicators are in grey zone; angulation is closed; there is Fade 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 grey zone; there are no Squat bars on the MFI. After completing bullish fractal, price is expected to start correction towards Alligator’s jaw.



 
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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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