Bill Williams’ Indicators Analysis 16.05.2013 (USD/CAD, NZD/USD)

16.05.2013

Analysis for May 16th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator opened its mouth upwards. The price completed a bullish fractal; AO and AC indicators are in the red zone; there are no Squat bars on the MFI. I’m planning to open a buy order as soon as the price finishes a bearish fractal.



At the H1 chart of the USD/CAD currency pair, the Alligator is closing its mouth and going to sleep. The angle of angulation is closed; AO and AC indicators are in the grey zone; There is a Fade bar on the MFI; the price finished a bearish fractal. I’m planning to open a buy order as soon as the pair reaches the Alligator’s teeth.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards, but may go to sleep quite soon. The angle of angulation is closing; 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 keeping my pending sell order with a protective stop above the lips.



At the H1 chart of the NZD/USD currency pair, the Alligator closed its mouth and right now is sleeping. AO and AC indicators are in the green zone; there is a Squat bar on the MFI. I’m keeping my pending sell order.



 
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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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