Bill Williams’ Indicators Analysis 29.08.2013 (USD/CAD, NZD/USD)

29.08.2013

Analysis for August 29th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The price is finishing a bullish fractal; AO and AC is in the grey zone; there is a Squat bar on the MFI. I expect the Alligator’s jaw (blue line) to stop a bearish fractal and then the price to move upwards.



At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The indicators are near the balance line; there is a Green bar on the MFI. I expect the price to move upwards.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the teeth (red line) stopped a bullish fractal as the Alligator continues moving downwards. There is still a divergence; AC is in the green zone, AO is near the balance line; there is a Fade bar on the MFI. Take Profit on my sell order worked.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. The indicators are in the red zone; the price is finishing a bearish fractal; there is a Green bar on the MFI. I expect the pair to move downwards.



 
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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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