Bill Williams’ Indicators Analysis 02.10.2013 (USD/CAD, NZD/USD)

02.10.2013

Analysis for October 2nd, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator opened its mouth upwards. The indicators are in the green zone; there is a Fade bar on the MFI. I expect the price to move upwards a little bit.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. AC is near the balance line, AO is in the green zone; there is a Fade bar on the MFI. I expect the price to form a bearish fractal and then move upwards.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is opening its mouth downwards. The angle of angulation is open; AO and AC are in the red zone; there is a Fade bar on the MFI. I expect the price to form a bearish fractal and then move upwards.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving downwards. AO and AC are in the green zone; there is a Fade bar on the MFI. I expect the price to form a bullish fractal and then move downwards 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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