Bill Williams’ Indicators Analysis 07.08.2013 (USD/CAD, NZD/USD)

07.08.2013

Analysis for August 7th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI. The price is expected to move upwards; I’m keeping a buy order with a protective stop below the Alligator’s lips.



At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. AO is in the green zone, AC is near the balance line; there is a Fade bar on the MFI, but might be a Squat one too. The price is expected to move upwards.



NZD/USD

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



At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. The indicators are in the green zone, very close to the balance line; there is a Green bar on the MFI. The price is expected to move upwards a little bit.



 
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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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