Bill Williams’ Indicators Analysis 05.08.2013 (USD/CAD, NZD/USD)

05.08.2013

Analysis for August 5th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator made a reverse upwards. The angle of angulation is opened, the price is forming a bearish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI. I’m staying out of the market until the price completes a bearish fractal.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards, but “hiding” its lips (green line). There is a divergence with AO; the indicators are in the red zone; the price is finishing a bearish fractal; there is a Fade bar on the MFI. I expect the price to start moving upwards.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator made a reverse downwards. The angle of angulation is opened; the price is finishing 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 near the Alligator’s lips (green line).



At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The indicators are in the green zone; there is a Fade bar on the MFI, but might be a Squat one too. The price is expected to complete a bullish fractal near the Alligator’s teeth (red line) and then fall down a little bit towards 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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