Bill Williams’ Indicators Analysis 15.05.2013 (USD/CAD, NZD/USD)

15.05.2013

Analysis for May 15th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouthy upwards. The price is completing a bullish fractal; AO and AC indicators are in the green zone; there is a Squat bar on the MFI. I’m planning to open more buy orders as soon as the price finishes a bearish fractal.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards again. The angle of angulation is open; AO and AC indicators are in the green zone; There is a Fade bar on the MFI; however, there might be a Squat one too. I’m planning to open a buy order as soon as the pair reaches the Alligator’s lips.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. There is a signal on AO, inverted Saucer; the angle of angulation is closing; the price is completing a bearish fractal; the indicators are in the red zone; There is a Fade bar on the MFI; however, there might be a Squat one too. I placed a limit sell order with a protective stop near the lips.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; AO and AC indicators are in the green zone; there is a Squat bar on the MFI. I opened a sell order with the target below a bearish fractal; a protective stop is above the Alligator’s teeth.



 
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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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