Bill Williams’ Indicators Analysis 24.07.2013 (USD/CAD, NZD/USD)

24.07.2013

Analysis for July 24th, 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, AC is very close to the balance line; there is a Fade bar on the MFI. I’m keeping my sell order; a protective stop is close to the Alligator’s teeth (red line).



At the H1 chart of the USD/CAD currency pair, the Alligator is also moving downwards. The price is forming a bearish fractal; AO and AC are in the red zone; there is a Fade bar on the MFI, but might be a Squat one too. The price is expected to fall down towards Take Profit.



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 and AC are in the grey zone; there is a Fade bar on the MFI and might be a Squat one too. I’m keeping my buy order; a protective stop is below the Alligator’s teeth (red line).



At the H1 chart of the NZD/USD currency pair, the Alligator closed its mouth. There is a divergence with AO, but both indicators are in the green zone; the price is forming a bullish fractal; there is a Squat bar on the MFI. The price may reach Take Profit.



 
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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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