Bill Williams’ Indicators Analysis 17.05.2013 (USD/CAD, NZD/USD)

17.05.2013

Analysis for May 17th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator opened its mouth upwards. The price is forming a bearish fractal near the lips; AO and AC indicators are in the grey zone; there might be a Squat bar on the MFI. I opened a buy order with a protective stop below the Alligator’s teeth.



At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The price is forming fractals, which are equidistant from the Alligator; AO and AC indicators are in the green zone; there is a Fade bar on the MFI; I opened a buy order with the target above a bullish fractal.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price completed a bearish fractal; there is a signal on AO, Inverted Saucer; the indicators are in the red zone; there is a Fade bar on the MFI; however, there might be a Squat one too. My sell order worked; a protective stop has been moved closer to the lips.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. AO and AC indicators are in the grey zone; there is a Squat bar on the MFI. I opened a sell order; a protective stop at this timeframe is placed above the Alligator’s mouth.



 
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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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