Bill Williams’ Indicators Analysis 07.05.2014 (USD/CAD, NZD/USD)

07.05.2014

Analysis for May 7th, 2014

USD CAD, “US Dollar vs Canadian Dollar”

At H4 chart of USD CAD, Alligator is moving downwards. Price is forming bearish fractal; indicators are in red zone; there is Squat bar on the MFI. After bearish fractal, bullish fractal may close the angulation.



At H1 chart of USD CAD, Alligator is also moving downwards. AO and AC are in green zone; there is Squat bar on the MFI. I expect slight breakout of fractal 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 bearish fractal; AO and AC are in red zone; there are no Squat bars on the MFI. Bearish fractal may reach Alligator’s teeth (red line) and close the angulation.



At H1 chart of NZD USD, Alligator is going to sleep. AO and AC are in red zone; there might Squat bar on the MFI. I expect breakout of Alligator’s mouth 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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