Bill Williams’ Indicators Analysis 09.07.2013 (USD/CAD, NZD/USD)

09.07.2013

Analysis for July 9th, 2013

USD/CAD

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



At the H1 chart of the USD/CAD currency pair, the Alligator went to sleep again. AO and AC indicators are in the red zone; there is a Green bar on the MFI, bit no Squat ones. After completing a bearish fractal, the price may start growing up and break the Alligator’s mouth.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. The price is forming a bullish fractal; AO and AC indicators are in the grey zone; there is a Fade bar on the MFI and might be a Squat one too. I’m staying out of the market.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. The angle of angulation is open; the price is forming a bullish fractal; AO and AC indicators are in the green zone; there is a Green bar on the MFI, but no Squat ones yet. After completing the bullish fractal, the price is expected to start falling down and break the Alligator’s mouth.



 
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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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