Bill Williams’ Indicators Analysis 11.06.2013 (USD/CAD, NZD/USD)

11.06.2013

Analysis for June 11th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving 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 and Take Profit are the same.



At the H1 chart of the USD/CAD currency pair, the Alligator is slowing down a bit. AO and AC indicators are near the zero line; there is a Green bar on the MFI and might be a Squat one too. I expect a bearish fractal to reach Take Profit.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; the angle of angulation is almost closed; the indicators are in the grey zone; there is a Fade bar on the MFI, but might be a Squat one too. A bullish fractal may break the Alligator’s mouth.



At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is finishing a bearish fractal; AO and AC are near the balance line; there is a Fade bar on the MFI, but might be a Squat one too. I’m staying out of the market until the price forms 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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