Bill Williams’ Indicators Analysis 06.08.2013 (USD/CAD, NZD/USD)

06.08.2013

Analysis for August 6th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The angle of angulation is closing; the price is forming a bullish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI. A new bearish fractal may reach the Alligator’s jaw (blue line); I’m staying out of the market.



At the H1 chart of the USD/CAD currency pair, the Alligator made a reverse downwards, but its mouth is still closed. The indicators are in the green zone; the price is finishing a bullish fractal; there is a Squat bar on the MFI. I expect the price to start moving downwards.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator closing its mouth. The angle of angulation is closing; the price is finishing a bullish fractal; AO and AC indicators are in the green zone; there is a Fade bar on the MFI. The bullish fractal may reach the Alligator’s jaw; I’m staying out of the market.



At the H1 chart of the NZD/USD currency pair, the Alligator closed its mouth. The indicators are in the green zone, AC is very close to the balance line; there is a Squat bar on the MFI. 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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