Bill Williams’ Indicators Analysis 09.10.2013 (USD/CAD, NZD/USD)

09.10.2013

Analysis for October 9th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator opened its mouth upwards. The angle of angulation is open; the price is completing a bullish fractal; the indicators are in the green zone; there are no Squat bars 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. The angulation is weak; the price is forming a bullish fractal; the indicators are in the red zone; we can see a divergence with AO; there is a Green 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 still sleeping. AO is near the balance line, AC is in the red zone; there are no Squat bars on the MFI. I expect the price to form two equidistant fractals (a bearish and bullish ones) and then move upwards.



At the H1 chart of the NZD/USD currency pair, the Alligator is opening its mouth downwards. AO is in the green zone, AC is near the balance line; there is a Green bar on the MFI. I expect the price to 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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