Bill Williams’ Indicators Analysis 02.12.2013 (USD/CAD, NZD/USD)

02.12.2013

Analysis for December 2nd, 2013

USD/CAD

At H4 chart of USD/CAD, Alligator is still moving northwards. Price is forming bullish fractal; AO is in green zone, AC is near balance line; there is Green bar on the MFI and might be Squat one too. I expect breakout of fractals to the upside.



At H1 chart of USD/CAD, Alligator is also moving upwards. Indicators are in green zone; there are no Squat bars on the MFI. Bearish fractal may reach Alligator’s lips (green line).



NZD/USD

At H4 chart of NZD/USD, Alligator is still moving southwards, but is slowly closing its mouth. Price is forming bearish fractal; we can see divergence with AO; indicators are in green zone; there might be Squat bar on the MFI. I expect breakout of fractals to the upside.



At H1 chart of NZD/USD, Alligator is sleeping. AO and AC are in red zone; there is Squat bar on the MFI. After equidistant bearish fractal, I expect breakout of fractals to the upside.



 
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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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