Bill Williams’ Indicators Analysis 08.10.2013 (USD/CAD, NZD/USD)

08.10.2013

Analysis for October 8th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is sleeping. The price is completing a bullish fractal; the indicators are near the balance line; there is a Fade bar on the MFI. I expect the price to move downwards.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal; the indicators are in the grey zone; there is a Squat bar on the MFI. I expect the price to complete a bullish fractal and then move downwards.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is sleeping. AO and AC are near the balance line; there is a Squat bar on the MFI. I expect the price to complete a bearish fractal and then move upwards.



At the H1 chart of the NZD/USD currency pair, the Alligator is also sleeping. AO and AC are in the green zone; there is a Fade bar on the MFI. I expect the price to form two equidistant fractals (a bearish and bullish ones) and then move upwards.



 
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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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