Bill Williams’ Indicators Analysis 12.08.2013 (USD/CAD, NZD/USD)

12.08.2013

Analysis for August 12th, 2013

USD/CAD

At the H4 chart of the USD/CAD 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 a sell order with a protective stop above the Alligator’s teeth (red line).



At the H1 chart of the USD/CAD currency pair, the Alligator is moving downwards. The angle of angulation is closed; AO and AC are in the green zone; there is a Green bar on the MFI. A bullish fractal may reach the Alligator’s jaw (blue line).



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator opened its mouth upwards. The price is finishing a bearish fractal; AO and AC indicators are in the red 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 closing its mouth. AO and AC are in the red zone; there is a Green bar on the MFI. A bearish fractal may break the Alligator’s jaw.



 
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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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