Bill Williams’ Indicators Analysis 24.04.2013 (USD/CAD, NZD/USD)

24.04.2013

Analysis for April 24th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth, but still moving upwards. There is a Squat bar on the MFI; the indicators are in the red zone. I’m keeping my order opened with the target above bullish fractals.



At the H1 chart of the USD/CAD currency pair, the Alligator is still sleeping, the lines are intertwined. The indicators are in the green zone; there might be a Squat bar on the MFI. I’m keeping my buy order opened with the target above a bullish fractal; a protective stop has been moved into the black.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards, but closing its mouth slowly. The indicators are in the green zone; there is a divergence with AO. I’ve closed my sell order, but if the price rebounds from the Alligator’s teeth downwards, I may open a new one.



At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The indicators are in the green zone; there is a Fade bar on the MFI. The price is far away from bearish fractals, above the Alligator’s jaw. I’m staying out of the market.



 
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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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