Bill Williams’ Indicators Analysis 05.07.2013 (USD/CAD, NZD/USD)

05.07.2013

Analysis for July 5th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. Two-sided fractal reached the Alligator’s jaw; AO and AC indicators are near the balance line; there is a Squat bar on the MFI. I expect the pair to start moving upwards.



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 Fade bar on the MFI. I opened one more buy order; a protective stop is placed below the Alligator’s mouth.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is still sleeping. The price is forming a bearish fractal; AO and AC indicators are in the red zone, very close to the balance line; there is a Squat bar on the MFI. I opened a sell order; a protective stop is above the bullish fractals.



At the H1 chart of the NZD/USD currency pair, the Alligator closing its mouth. The price is forming a bullish fractal; AO is near the balance line, both indicators are in the grey zone; there is a Green bar on the MFI, but no Squat ones. I expect the pair to start 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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