Bill Williams’ Indicators Analysis 10.05.2013 (USD/CAD, NZD/USD)

10.05.2013

Weekly Analysis, May 10th, 2013

USD/CAD

At the weekly chart of the USD/CAD currency pair, the Alligator closed its mouth. The price is completing a bearish fractal near the Alligator’s teeth; AO and AC indicators are in the red zone; there might be a Squat bar on the MFI. A protective stop on my sell order has been moved into the black.



At the daily chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a bearish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI, but there might be a Squat one too. After completing bearish and bullish fractals, I expect the price to break the bearish one.



NZD/USD

At the weekly chart of the NZD/USD currency pair, the Alligator is slowly moving upwards. There is a signal to buy, Saucer, on AO; the indicators are in the grey zone; there is a Fade bar on the MFI, but there might be a Squat one too.



At the daily chart of the NZD/USD currency pair, the Alligator closed its mouth. The indicators are in the grey zone; there is a Fade bar on the MFI. I’m planning to open long positions as soon as the price finishes a bearish fractal.



 
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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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