Analysis for June 9th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USD CAD, Alligator is closing its mouth and may go to sleep. AO and AC are in red zone; there are no Squat bars on the MFI. After bearish fractal near Alligator’s jaw, bullish fractal may reach D Alligator’s jaw.
At H1 chart of USD CAD, Alligator is still sleeping. Indicators are in red zone, AC is very close to balance line; there is Fade bar on the MFI and no Squat ones. I expect two equidistant fractals.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZD USD, Alligator reversed upwards. AO is in red zone, AC is near balance line; there might be Squat bar on the MFI. Bullish fractal may reach D Alligator’s teeth.
At H1 chart of NZD USD, Alligator is moving northwards. AO and AC are in grey zone; there is Squat bar on the MFI. Bearish fractal may reach Alligator’s jaw (blue line), and then I expect breakout of fractals to the upside.
RoboForex Analytical Department