Bill Williams’ Indicators Analysis 24.10.2013 (USD/CAD, NZD/USD)

24.10.2013

Analysis for October 24th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal; the indicators are in the grey zone; there is a Fade bar on the MFI and might be a Squat one too. I expect the price to move upwards.



At the H1 chart of the USD/CAD currency pair, the Alligator is also moving upwards. AO and AC are in the green zone; the angulation is almost closed; there is a Green bar on the MFI and might be a Squat one too. The price is expected to complete a bullish fractal.



NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator closed its mouth. AO is in the green zone, AC is near the balance line; there is a Squat bar on the MFI. I expect the Alligator to make a reverse and start falling down.



At the H1 chart of the NZD/USD currency pair, the Alligator is making a reverse downwards. The price is finishing a bearish fractal; AO and AC are in the red zone; there is a Green bar on the MFI. A bullish fractal may reach the Alligator’s teeth (red 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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