Bill Williams’ Indicators Analysis 17.10.2013 (USD/CAD, NZD/USD)

17.10.2013

Analysis for October 17th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is making a reverse downwards. AO and AC are in the red zone; the angle of angulation is open’; there might be a Squat 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 bearish fractal; the indicators are in the red zone; there are no Squat bars on the MFI. A bullish fractal may reach the Alligator’s jaw.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is also moving upwards. The angulation is weak; AC is near the balance line, AO 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 lips and then move upwards.



At the H1 chart of the NZD/USD currency pair, the Alligator is moving upwards. The price is finishing a bullish fractal; AO and AC are in the green zone; there might be a Squat bar on the MFI. The price is expected to fall down a little bit and break 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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