Bill Williams’ Indicators Analysis 05.04.2013 (USD/CAD, NZD/USD)

05.04.2013

Analysis for April 5th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair the Alligator continues moving downwards; the teeth stopped a bullish fractal, the price is forming a bearish one. The indicators are in the red zone; there are several Green bars and might be a Squat one on the MFI.  I opened the second sell order; a protective stop on the first one has already been moved into the black. A bearish fractal may reach Take Profit levels.



At the H1 chart of the USD/CAD currency pair the Alligator woke up in a downward direction. The price formed a bearish fractal; AO and AC indicators are in the green zone; there might be several Squat bars on the MFI. The jaw will stop a bullish fractal.



NZD/USD

At the H4 chart of the NZD/USD currency pair the Alligator’s mouth is going to sleep. The price is forming a new bullish fractal, which may reach Take Profit, but AO and AC indicators are in the grey zone so far; there is a Fade bar on the MFI. I’m keeping my long position opened with the stop placed below the Alligator’s mouth.



At the H1 chart of the NZD/USD currency pair the Alligator is consolidating. The indicators are in the green zone; there is a Fade bar on the MFI. The price is forming a bearish fractal and may later reach Take Profit.



 
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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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