Bill Williams’ Indicators Analysis 16.05.2014 (USD/CAD, NZD/USD)

16.05.2014

Analysis for May 16th, 2014

USD CAD, “US Dollar vs Canadian Dollar”

At H4 chart of USD CAD, Alligator is moving downwards. Indicators are in green zone; there are no Squat bars on the MFI. Bullish fractal may reach Alligator’s jaw (blue line), and then I expect breakout of fractals to the downside.



At H1 chart of USD CAD, Alligator is sleeping. Price is forming bullish fractal; AO and AC are very close to balance line; there might be Squat bar on the MFI. After two equidistant fractals, I expect breakout of fractals to the downside.




NZD USD, “New Zealand Dollar vs US Dollar”

At H4 chart of NZD USD, Alligator is sleeping. AO and AC are in red zone; price completed bearish fractal; there is Squat bar on the MFI. Bearish fractal may reach D Alligator’s teeth, and then I expect breakout of fractals to the upside.



At H1 chart of NZD USD, Alligator is closing its mouth. AO and AC are in green zone; there might be Squat bar on the MFI. After two equidistant fractals, I expect breakout of fractals to the upside.



 
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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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