Bill Williams’ Indicators Analysis 24.06.2013 (USD/CAD, NZD/USD)

24.06.2013

Analysis for June 24th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is finishing a bullish fractal; AO and AC indicators are in the grey zone; there might be a Squat bar on the MFI. I’m keeping a buy order, a protective stop is below the Alligator’s lips (green line), Take Profit is at 1.0555.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal; AO is in the green zone, AC is near the balance line; there is a Green bar on the MFI and might be a Squat one too; the angle of angulation is too acute for a reverse. After the bearish fractal reaches the Alligator’s teeth, I expect the price to start moving upwards.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. The angle of angulation is acute; the price is forming a bearish fractal; the indicators are in the green zone; there is a Squat bar on the MFI. A protective stop on my sell order is above the Alligator’s lips.



At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth and going to sleep. AO and AC indicators are in the grey zone; there is a Fade bar on the MFI and might be a Squat one too. The price may rebound from the Alligator’s jaw while forming a bullish fractal.



 
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