Bill Williams’ Indicators Analysis 31.07.2013 (USD/CAD, NZD/USD)

31.07.2013

Analysis for July 31st, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. We can see a divergence with AO; the indicators are in the green zone; there are Squat bars on the MFI. I opened a buy order; a protective stop is below the Alligator’s lips (green line).



At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. There is Saucer signal on AO, which is in the green zone, AC is near the balance line; there is a Green bar on the MFI. A bearish fractal may reach the Alligator’s teeth.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator closed its mouth and is making a reverse downwards. The price is forming a bullish fractal; AO and AC are in the grey zone; there is a Fade bar on the MFI, but might be a Squat one too. I’m keeping my sell order; a protective stop is above the Alligator’s mouth.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The indicators are in the red zone; there is a Green bar on the MFI and might be a Squat one too. The price is expected to move downwards.



 
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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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