Bill Williams’ Indicators Analysis 06.05.2014 (USD/CAD, NZD/USD)

06.05.2014

Analysis for May 6th, 2014

USD CAD, “US Dollar vs Canadian Dollar”

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



At H1 chart of USD CAD, Alligator is moving downwards. AO is in green zone, AC is close to balance line; there are no Squat bars 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 is opening its mouth northwards. Price is forming bullish fractal; AO and AC are in grey zone; there are no Squat bars on the MFI. Bearish fractal may reach Alligator’s teeth (red line), 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 red zone; there is Squat bar on the MFI. Bearish fractal may reach Alligator’s jaw (blue line), and then I expect slight breakout of fractal to the upside.



 
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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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