Bill Williams’ Indicators Analysis 31.05.2013 (USD/CAD, NZD/USD)

31.05.2013

Analysis for May 31st, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is changing direction. The price forming a bearish fractal; AO and AC indicators are in the red zone; there is a Green bar on the MFI and might be a Squat one too. I’m keeping my sell order with the target below a bearish fractal; a protective stop is above the Alligator.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price forming a bearish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI, but might be a Squat one too. The fractal may reach the Alligator’s jaw.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The price forming a bullish fractal; AO and AC indicators are in the green zone; there is a Squat bar on the MFI. I expect the price to break a bullish fractal.



At the H1 chart of the NZD/USD currency pair, the Alligator is still sleeping. AO and AC indicator are very close to the balance line; there is a Fade bar on the MFI. After the price forms equidistant fractals, the Alligator may start opening its mouth upwards.



 
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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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