Bill Williams’ Indicators Analysis 07.05.2013 (USD/CAD, NZD/USD)

07.05.2013

Analysis for May 7th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is about to close its mouth. The indicators are in the green zone; the price is forming a bearish fractal; there might be a Squat bar on the MFI. I’m keeping my sell order opened; a protective stop is placed above the Alligator’s teeth.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards. AO and AC indicators are in the green zone so far; there is a Fade bar on the MFI. I’m keeping my sell order opened with the target below bearish fractals; a protective stop is placed above the Alligator’s mouth.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The indicators are in the red zone so far; the price finished a bearish fractal; there is a Fade bar on the MFI. I’m staying out of the market until the price completes one more bearish fractal.



At the H1 chart of the NZD/USD currency pair, the Alligator is also sleeping. AO and AC indicators are in the red zone; there is a Squat bar on the MFI. After the price finishes a bullish and a bearish fractals, which are equidistant from each other, I’ll consider opening a long position.



 
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