Bill Williams’ Indicators Analysis 01.05.2013 (USD/CAD, NZD/USD)

01.05.2013

Analysis for May 1st, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is still moving downwards. The angle of angulation is widening; the price finished a bearish fractal; AO and AC indicators are in the red zone; there is a Fade bar on the MFI. I’m keeping my sell order opened with the target below a bearish fractal.



At the H1 chart of the USD/CAD currency pair, the Alligator is also moving downwards. AO and AC indicators are in the grey zone; there is a Fade bar on the MFI. I’m keeping my sell order opened.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The indicators are in the red zone; the price is finishing a bullish fractal; there is a Squat bar on the MFI. A protective stop has been moved below the Alligator’s teeth.



At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The price is forming a bearish fractal; there is a divergence with AO; the indicators are in the grey zone; there is a Fade bar on the MFI. I’m keeping my buy order opened with the target above a new bullish fractal.



 
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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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