Bill Williams’ Indicators Analysis 23.07.2013 (USD/CAD, NZD/USD)

23.07.2013

Analysis for July 23rd, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is still moving downwards. The indicators are in the grey zone; there is a Fade bar on the MFI, but might be a strong Squat one too. I’m keeping my sell order; a protective stop is in the black, close to the Alligator’s teeth (red line).



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



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal; AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI and might be a Squat one too. I’m keeping my order with a protective stop below the Alligator’s lips (green line).



At the H1 chart of the NZD/USD currency pair, the Alligator opened its mouth upwards. AO and AC indicators are in the red zone; there is a Squat bar on the MFI. After a bearish fractal reaches the Alligator’s teeth, the price is expected to start moving upwards.



 
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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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