Bill Williams’ Indicators Analysis 08.04.2013 (USD/CAD, NZD/USD)

08.04.2013

Analysis for April 8th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator closed its mouth after the price had formed a bullish fractal; at the moment the price is forming a bearish one. The indicators are in the grey zone; there is a Fade bar on the MFI. After the pair completes a bearish fractal, I’ll consider opening long positions.



At the H1 chart of the USD/CAD currency pair, the Alligator woke up in an upward direction. However, AO and AC indicators are in the red zone; there is a Fade bar on the MFI. Most likely, the price will break the latest bearish fractal, but it’s quite unlikely to force the Alligator to start moving downwards.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator’s is looking upwards. The indicators are in the green zone; there are several Squat bars on the MFI; the price is forming a bullish fractal, which may reach Take Profit.



At the H1 chart of the NZD/USD currency pair, the Alligator is almost sleeping with its mouth opened upwards. The indicators are in the red zone; there might be a Squat bar on the MFI; the price is forming a bearish fractal. I’m keeping my buy long position opened.



 
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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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