Bill Williams’ Indicators Analysis 22.05.2013 (USD/CAD, NZD/USD)

22.05.2013

Analysis for May 22nd, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is slowing down. The price is forming a bearish fractal; AO and AC indicators are in the red zone; there is a Squat bar on the MFI. 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 is still sleeping. AO and AC indicators are near the balance line, but there is a Squat 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 closed its mouth and is sleeping right now. The price is forming a bullish fractal; AO and AC indicators are near the zero line; there are two Squat bars on the MFI. I opened a sell order; a protective Stop Loss is above the Alligator’s mouth.



At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. AO and AC indicators are in the grey zone; there are two Squat bars on the MFI. I opened a sell order with the target below 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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