Bill Williams’ Indicators Analysis 29.04.2013 (USD/CAD, NZD/USD)

29.04.2013

Analysis for April 29th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The angle of angulation is open; the indicators are in the red zone; the price is forming a bullish fractal. I’m staying out of the market.



At the H1 chart of the USD/CAD currency pair, the Alligator is also moving downwards. AO and AC indicators are in the green zone; the angle of angulation is open; there is a Fade bar on the MFI. After the price forms a bullish fractal, I’m planning to open a sell order with the target below a bearish fractal.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is closing is mouth. The angle of angulation closed; the indicators are in the red zone; there is a Squat bar on the MFI. I’m keeping my buy order opened.



At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The price completed a bearish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI. I’m keeping my buy order opened; the target is above bullish fractals.



 
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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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