Bill Williams’ Indicators Analysis 18.10.2013 (USD/CAD, NZD/USD)

18.10.2013

Analysis for October 18th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving downwards. AO and AC are in the green zone; the angle of angulation is open’; there might be a Squat bar on the MFI. I expect the price to complete a bullish fractal near the Alligator’s lips (green line) and move downwards.



At the H1 chart of the USD/CAD currency pair, the Alligator is also moving upwards. The price is forming a bullish fractal; AO is in the green zone, AC is near the balance line; there might be a Squat bar on the MFI. A bullish fractal may reach the Alligator’s jaw (blue line).



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is moving upwards. The angulation is weak; AC and AO are in the red zone; there is a Squat bar on the MFI. I expect the price to complete a bearish fractal near the Alligator’s teeth and then move upwards.



At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth. The price is finishing a bullish fractal; AO and AC are in the grey zone; there is a Green 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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