Bill Williams’ Indicators Analysis 03.04.2013 (USD/CAD, NZD/USD)

03.04.2013

Analysis for April 3rd, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair the Alligator is slowly moving downwards, the price completed a fractal below the its mouth. AO and AC indicators are in the green zone; the price is forming a bullish fractal; there might be a Squat bar on the MFI. I’m keeping my short position opened.



At the H1 chart of the USD/CAD currency pair the Alligator is waking up downwards, the price is forming bullish fractals. The indicators are in the grey zone; there are several Squat bars on the MFI. A protective stop on my sell order is placed above the Alligator.



NZD/USD

At the H4 chart of the NZD/USD currency pair the Alligator continues moving upwards. The angle of angulation is open; the indicators are directed in different directions (in the grey zone); there might be a Squat bar on the MFI. After completing a bearish fractal near the Alligator’s teeth, the price is expected to break a bullish fractal.



At the H1 chart of the NZD/USD currency pair the Alligator woke up upwards, but the angle of angulation is already closed. The indicators are directed in different directions; there are several Squat bars on the MFI. A bearish fractal may break the Alligator’s mouth.



 
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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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