Bill Williams’ Indicators Analysis 09.05.2013 (USD/CAD, NZD/USD)

09.05.2013

Analysis for May 9th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is slowly closing its mouth, but still moving downwards. The indicators are in the red zone; the price formed a bullish fractal; there might be a Squat bar on the MFI. A protective stop on my sell order has been moved into the black.



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 divergence with AC; there are Green and Squat bars on the MFI. I’m keeping my sell order opened with the target below a bearish fractal.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is opening its mouth downwards. The angle of angulation is closed; the indicators are in the green zone; the price is forming a bullish fractal; there might be a Squat bar on the MFI. I’m staying out of the market.



At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. AO and AC indicators are in the green zone; there are no Squat bars on the MFI; the price is forming a bullish fractal. I’m planning to open long positions as soon as the Alligator makes a reverse.



 
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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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