Bill Williams’ Indicators Analysis 23.07.2014 (USD/CAD, NZD/USD)

23.07.2014

Analysis for July 23rd, 2014

USD CAD, “US Dollar vs Canadian Dollar”

At H4 chart of USD CAD, Alligator is closing its mouth near D Alligator’s teeth. Indicators are in red zone; [rice is forming bearish fractal; there is Fade bar on the MFI and might be Squat one too. Pair is expected to slightly break fractals to the downside and D Alligator’s teeth.



At H1 chart of USD CAD, Alligator is moving downwards. AO and AC are in grey zone; angulation is open (significant deviation of price from Alligator’s teeth); there might be Squat bar on the MFI. Pair is expected to slightly break fractals to the downside and close angulation.




NZD USD, “New Zealand Dollar vs US Dollar”

At H4 chart of NZD USD, Alligator is moving downwards. AO and AC are in green zone; there might be Squat bar on the MFI. Bullish fractal may reach Alligator’s teeth, and then I expect breakout of fractals to the downside.



At H1 chart of NZD USD, Alligator is sleeping. AO and AC are in grey zone; there are no Squat bars on the MFI. After two fractals equidistant from Alligator’s mouth, I expect breakout of fractals to the downside.



 
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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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