Bill Williams’ Indicators Analysis 02.07.2014 (USD/CAD, NZD/USD)

02.07.2014

Analysis for July 2nd, 2014

USD CAD, “US Dollar vs Canadian Dollar”

At H4 chart of USD CAD, Alligator is still moving downwards. Indicators are in red zone, we can still see divergence with AO; there might be Squat bar on the MFI. I expect slight breakout of fractals to the downside and ascending correction.



At H1 chart of USD CAD, Alligator is still moving southwards. However, AO and AC are in green zone; there is Green bar on the MFI and might be Squat one too. Bullish fractal may reach Alligator’s jaw (blue line), and then I expect new breakout of fractals to the downside.




NZD USD, “New Zealand Dollar vs US Dollar”

At H4 chart of NZD USD, Alligator is moving upwards. AO is in red zone, AC is near balance line; there might be Squat bar on the MFI. Bearish fractal may reach Alligator’s jaw, and then I expect slight breakout of fractals to the upside.



At H1 chart of NZD USD, Alligator is sleeping. AO and AC are in red zone; there is Squat bar on the MFI. I expect breakout of fractals to the downside.



 
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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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