Bill Williams’ Indicators Analysis 01.08.2013 (USD/CAD, NZD/USD)

01.08.2013

Analysis for August 1st, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The Alligator’s jaw (blue line) prevented the price from finishing a bullish fractal; there is still a divergence with AO; the indicators are in the red zone, AO is near the balance line; there is a Fade bar on the MFI. I’m staying out of the market until the indicators aren’t in the green zone.



At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The indicators are in the grey zone, AO is near the balance line; there is a Green bar on the MFI and might be a Squat one too. I expect the price to move upwards.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator made 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 has been move closer to the Alligator’s jaw.



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