Bill Williams’ Indicators Analysis 07.06.2013 (USD/CAD, NZD/USD)

07.06.2013

Analysis for June 7th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator opened its mouth downwards. The price is forming a bullish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI, but might be a Squat one too. I’m keeping my order; a protective stop is close to the Alligator’s teeth.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is finishing a bearish fractal; AO and AC indicators are in the red zone; there is a Fade bar on the MFI and might be a Squat one too. I’ll decide where to place Take Profit as soon as the price finishes a bullish fractal.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The price is forming a bearish fractal; AO and AC indicators are in the grey zone; there is a Fade bar on the MFI, but might be a Squat one too. A new bullish fractal may also break the Alligator’s mouth.



At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is finishing a bullish fractal; the indicators are near the balance line; there is a Green bar on the MFI and might be a Squat one too. I’m planning to open a buy order after the price completes two equidistant fractals.



 
RoboForex Analytical Department

Attention!

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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question