Bill Williams’ Indicators Analysis 09.08.2013 (USD/CAD, NZD/USD)

09.08.2013

Analysis for August 9th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator closed its mouth. There is a divergence; the price is forming a bullish fractal; AO and AC are in the grey zone; there is a Squat bar on the MFI. I’m keeping a pending buy order with a protective stop above the Alligator’s lips.



At the H1 chart of the USD/CAD currency pair, the Alligator made a rapid descending movement. The angle of angulation is closing; AO and AC are in the grey zone; there is a Fade bar on the MFI. The Alligator’s teeth (red line) may stop a bullish fractal.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. 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 is expected to start moving upwards again.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards, but slowly closing its mouth. The price is forming a bullish fractal; there is a divergence with AO, both indicators are near the balance line; there is a Green bar on the MFI and might be a Squat one too. A bearish fractal may reach the Alligator’s jaw (blue line).


 
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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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