Bill Williams’ Indicators Analysis 11.10.2013 (USD/CAD, NZD/USD)

11.10.2013

Analysis for October 11th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The angle of angulation is closing; the price is completing a bullish fractal; the indicators are in the grey zone; there are Squat bars on the MFI. I expect the price to move downwards.



At the H1 chart of the USD/CAD currency pair, the Alligator is closing its mouth. The price is forming a bearish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI. I expect the price to move downwards.



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 green zone; there is a Squat bar on the MFI. I expect the price to complete a bearish fractal near the Alligator’s mouth and then move upwards.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. AO and AC are in the grey zone; there are no Squat bars on the MFI. A bearish fractal may reach 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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