Bill Williams’ Indicators Analysis 29.07.2013 (USD/CAD, NZD/USD)

29.07.2013

Analysis for July 29th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. The price is forming a bearish fractal; AO and AC indicators are in the grey zone; there is a Squat bar on the MFI. I’m keeping my sell order; a protective stop is above the Alligator’s teeth.



At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO and AC are in the green zone; the price is forming a bearish fractal; there is a Fade bar on the MFI. The price is expected to fall down a little bit 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 Squat bar on the MFI. I expect the price to move upwards.



At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The indicators are near the balance line; the price is forming a bearish fractal; there is a Squat bar on the MFI. The fractal may break the Alligator’s jaw (blue line); the price is expected to move 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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