Bill Williams’ Indicators Analysis 10.07.2013 (USD/CAD, NZD/USD)

10.07.2013

Analysis for July 10th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator closed its mouth and went to sleep. The price is forming a bearish fractal; AO and AC indicators are in the grey zone; there is a Green bar on the MFI, but no Squat ones. I’m keeping a pending sell order with the target below the bearish fractals.



At the H1 chart of the USD/CAD currency pair, the Alligator made a reverse downwards. AO and AC indicators are in the red zone; we can see a divergence and Saucer on AO; there is a Fade bar on the MFI and might be a Squat one too. After completing a bullish fractal, the price is expected to start falling down.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is making a reverse upwards. The price is forming a bearish fractal; AO is in the red zone, AC is near the balance line; there is a Fade bar on the MFI and might be a Squat one too. I expect the price to start moving upwards.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. The angle of angulation is closed; the price is forming a bearish fractal; AO and AC indicators are near the balance line; there is a Fade bar on the MFI. After completing the bearish fractal, the price is expected to start growing up.



 
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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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