Bill Williams’ Indicators Analysis 08.07.2013 (USD/CAD, NZD/USD)

08.07.2013

Analysis for July 8th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouth upwards. The price is forming a bearish fractal; AO and AC indicators are in the grey zone; there is a Squat bar on the MFI. I opened a buy order; a protective stop is below the Alligator’s teeth (red line).



At the H1 chart of the USD/CAD currency pair, the Alligator woke up and started moving upwards. AO and AC indicators are in the red zone; there is a Green bar on the MFI and might be a Squat one too. A bearish fractal may break the Alligator’s jaw.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is making a reverse downwards. The price is forming a bullish fractal; AO and AC indicators are in the grey zone; there is a Squat bar on the MFI. I’m keeping my sell order; a protective stop is in the black.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The price is forming a bullish fractal; AO and AC indicators are in the green zone; there is a Fade bar on the MFI and might be a Squat one too. The bullish fractal may reach the Alligator’s jaw (blue line).



 
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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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