Bill Williams’ Indicators Analysis 29.04.2014 (USD/CAD, NZD/USD)

29.04.2014

Analysis for April 29th, 2014

USD CAD, “US Dollar vs Canadian Dollar”

At H4 chart of USD CAD, Alligator is sleeping. Price completed bullish fractal close to D Alligator’s jaw; AO and AC are in grey zone; there might be Squat bar on the MFI. Price may finish bearish fractal below Alligator’s jaw (blue line) and then I expect breakout of fractals to the upside.



At H1 chart of USD CAD, Alligator is sleeping. Indicators are in red zone; there is Squat bar on the MFI. After two equidistant fractal, I expect breakout of fractals to the upside.




NZD USD, “New Zealand Dollar vs US Dollar”

At H4 chart of NZD USD, Alligator is moving southwards. AO and AC are in grey zone; there is Squat bar on the MFI. Bullish fractal may reach Alligator’s teeth (red line) and close angulation, and then I expect slight breakout of fractals to the downside towards D Alligator’s jaw.



At H1 chart of NZD USD, Alligator is also moving downwards. Price is forming bullish fractal; AO and AC are in green zone; there is Squat bar on the MFI. Bullish fractal may break Alligator’s jaw (blue line), and then I expect breakout of fractals to the downside.



 
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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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