Bill Williams’ Indicators Analysis 21.05.2013 (USD/CAD, NZD/USD)

21.05.2013

Analysis for May 21st, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards, but closing its mouth slowly. The price is forming a bearish fractal; AO and AC indicators are in the red zone; there is a Fade bar on the MFI; however, there might be a Squat one too. I’m keeping my buy order; a protective stop is below the Alligator’s teeth.



At the H1 chart of the USD/CAD currency pair, the Alligator closed its mouth. The angle of angulation is closed; AO and AC indicators are in the green zone; there is a Fade bar on the MFI. I’m keeping my buy order with the target above a bullish fractal; Take Profit is at the level of 1.0350.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is forming a bullish fractal; AO and AC indicators are in the grey zone; there is a Fade bar on the MFI. I’m staying out of the market until the price forms a bullish fractal.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. AO and AC indicators are in the red zone. Most likely, the Alligator’s jaw will stop 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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