Bill Williams’ Indicators Analysis 05.05.2014 (USD/CAD, NZD/USD)

05.05.2014

Analysis for May 5th, 2014

USD CAD, “US Dollar vs Canadian Dollar”

At H4 chart of USD CAD, Alligator is moving downwards. We can see divergence with AO, indicators are in green zone; there is Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line).



At H1 chart of USD CAD, Alligator is moving upwards. Indicators are in green zone; there is Squat bar on the MFI. After bullish fractal, I expect breakout of fractals to the downside.




NZD USD, “New Zealand Dollar vs US Dollar”

At H4 chart of NZD USD, Alligator reversed northwards. Price is forming bullish fractal; AO and AC are in green zone; there is be Squat bar on the MFI. Bearish fractal may reach Alligator’s teeth, and then I expect breakout of fractals to the upside.



At H1 chart of NZD USD, Alligator is moving upwards. AO and AC are in grey zone; there is Squat bar on the MFI. Bearish fractal may reach Alligator’s teeth, and then I expect slight breakout of fractal to the upside.



 
RoboForex Analytical Department

Attention!

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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question