Bill Williams’ Indicators Analysis 16.12.2013 (USD/CAD, NZD/USD)

16.12.2013

Analysis for December 16th, 2013

USD/CAD

At H4 chart of USD/CAD, Alligator is sleeping. AO and AC are in red zone; price is forming bearish fractal; angulation is open; there might be Squat bar on the MFI. I expect slight breakout of fractals to the downside.



At H1 chart of USD/CAD, Alligator reversed northwards. AO is in red zone, AC is near balance line; there might be Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw (blue line) and then I expect breakout of fractals to the downside.



NZD/USD

At H4 chart of NZD/USD, Alligator is sleeping. Price is forming bullish fractal; AO and AC are in green zone; there might be Squat bar on the MFI. I expect slight breakout of fractals to the upside.



At H1 chart of NZD/USD, Alligator reversed northwards. Angulation is open; AO and AC are in green zone; there is Squat bar on the MFI. After 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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