Bill Williams’ Indicators Analysis 17.06.2013 (USD/CAD, NZD/USD)

17.06.2013

Analysis for June 17th, 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; AO and AC are in the red zone; there is a Squat bar on the MFI. I’m keeping my order; a protective stop is close to the Alligator’s teeth (red line).



At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards slowly. AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI and might be a Squat one too. A bullish fractal may break the Alligator’s jaw.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The price is forming a bearish fractal; the indicators are in the red zone; there might be a Squat bar on the MFI. I opened a buy order with a protective stop near the Alligator’s teeth.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards slowly. AO and AC are in the grey zone, very close to the balance line; there is a Fade bar on the MFI and might be a Squat one too. I expect the price to start growing up towards Take Profit.



 
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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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