Bill Williams’ Indicators Analysis 16.04.2013 (USD/CAD, NZD/USD)

16.04.2013

Analysis for April 16th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal, the angle of angulation is open; but AO and AC indicators are in the grey zone so far; there might be a Squat bar on the MFI. I’m placing a limit buy order.



At the H1 chart of the USD/CAD currency pair, the Alligator is also moving upwards. The price is completed a bullish fractal, the angle of angulation is open; the indicators are in the grey zone; there is a Squat bar on the MFI. I’m placing a pending buy order with the target near the Alligator’s teeth.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is slowly making a reverse downwards. The angle of angulation closed; the price is finishing a bearish fractal; AO and AC indicators are in the grey zone. I’m placing a pending sell order with a protective stop above the Alligator’s jaw.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price formed a bearish fractal; the angle of angulation is open so far; the indicators are in the grey zone; there is a Squat bar on the MFI. I’m placing a limit sell order with the target near the Alligator’s teeth.



 
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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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