Bill Williams’ Indicators Analysis 01.07.2013 (USD/CAD, NZD/USD)

01.07.2013

Analysis for July 1st, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The indicators are near the balance line; there is a Fade bar on the MFI and might be a Squat one too. I’m staying out of the market; a bearish fractal may support the Alligator’s jaw (blue line).



At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO and AC indicators are in the red zone; there is a Green bar on the MFI. In the future, the pair is expected to move downwards, but it’s unlikely to reverse the Alligator.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is opening its mouth downwards again. The indicators are in the grey zone; the price is forming a bullish fractal; there is a Fade bar on the MFI. I’m staying out of the market.



At the H1 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is forming a bearish fractal; AO and AC are in the grey zone; there is a Squat bar on the MFI. After the pair breaks bullish fractals, the Alligator may continue moving downwards.



 
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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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