Bill Williams’ Indicators Analysis 16.10.2013 (USD/CAD, NZD/USD)

16.10.2013

Analysis for October 16th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is 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 move downwards.



At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards, but slowly closing its mouth. The price is forming a bullish fractal; the indicators are in the red zone; there are no Squat bars 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 moving upwards. AC is near the balance line, AO is in the green zone; there are no Squat bars on the MFI. I expect the price to complete a bearish fractal near the Alligator’s lips 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 green zone; the price is forming a bearish fractal; there is a Green bar on the MFI. The bearish fractal may reach the Alligator’s jaw (blue line).



 
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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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