Bill Williams’ Indicators Analysis 04.07.2014 (USD/CAD, NZD/USD)

04.07.2014

Analysis for July 4th, 2014

USD CAD, “US Dollar vs Canadian Dollar”

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



At H1 chart of USD CAD, price completed correction and Alligator started moving downwards again. However, AO and AC are in green zone; price finished bearish fractal; there is Squat bar on the MFI. After bullish fractal, I expect breakout of fractals to the downside.




NZD USD, “New Zealand Dollar vs US Dollar”

At H4 chart of NZD USD, Alligator is sleeping. AO and AC are in red zone; there might be Squat bar on the MFI. After bullish fractal, I expect breakout of fractals to the downside.



At H1 chart of NZD USD, Alligator is sleeping. AO and AC are in grey zone; there might be Squat bar on the MFI. After two fractals equidistant from Alligator’s mouth, 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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