Bill Williams’ Indicators Analysis 29.05.2014 (USD/CAD, NZD/USD)

29.05.2014

Analysis for May 29th, 2014

USD CAD, “US Dollar vs Canadian Dollar”

At H4 chart of USD CAD, Alligator is sleeping while price is forming sideways correction. AO and AC are in green zone; there is Squat bar on the MFI. Bullish fractal may reach D Alligator’s teeth.



At H1 chart of USD CAD, Alligator reversed upwards. AO and AC are in red zone; price is forming bearish fractal; there is Squat bar on the MFI. I expect breakout of fractals to the upside.




NZD USD, “New Zealand Dollar vs US Dollar”

At H4 chart of NZD USD, Alligator is moving downwards; D Alligator is going to sleep. Indicators are in red zone; there is Squat bar on the MFI. Bullish fractal may reach H4 Alligator’s teeth (red line).



At H1 chart of NZD USD, Alligator is also moving southwards. Angulation is closing; AO and AC are in green zone; there is Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line)



 
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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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