Bill Williams’ Indicators Analysis 17.07.2013 (USD/CAD, NZD/USD)

17.07.2013

Analysis for July 17th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is opening its mouth downwards. The price is forming a bullish fractal; AO and AC indicators are in the grey zone; there is a Fade bar on the MFI. I placed a pending sell order with the target below bearish fractal; a protective stop is above the Alligator’s teeth.



At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI and no Squat ones. After completing a bullish fractal, the price is expected to start moving downwards.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is opening its mouth upwards. The indicators are in the red zone, very close to the balance line; the price is forming a bearish fractal; there is a Fade bar on the MFI and might be a Squat one too. I’m keeping my buy order with a protective stop below the Alligator’s mouth.



At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The indicators are in the red zone, AO is very close to the balance line; there is a Squat bar on the MFI. After completing a 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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