Bill Williams’ Indicators Analysis 01.04.2013 (USD/CAD, NZD/USD)

01.04.2013

Analysis for April 1st, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair the Alligator is awake, although its teeth are quite close to its lips. We can see a divergence with AO, several Squat bars on the MFI, but the indicators are in the grey zone. I’m keeping my short position opened.



At the H1 chart of the USD/CAD currency pair the Alligator is sleeping. The price formed a bullish fractal; АО and АС indicators are in the red zone; there might be a Squat bar on the MFI. I expect the pair to break bearish fractals.



NZD/USD


At the H4 chart of the NZD/USD currency pair the Alligator’s teeth are quite close to its lips, the price is completing a new bearish fractal near the teeth. АО and АС indicators are in the red zone, but there is a Fade bar on the MFI. I’m keeping my short position opened.



At the H1 chart of the NZD/USD currency pair the Alligator is still sleeping. АО and АС indicators are in the green zone, but there is also a Fade bar on the MFI. I’m keeping my long position opened until the price breaks a bullish fractal.



 
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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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