Analysis for June 17th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USDCAD, Alligator is heading down, AO and AC are in gray zone, MFI is descending and squat bar can appear. Expecting breakout of fractals to the downside.
At H1 chart price is reversing, indicators are in gray zone, MFI is descending, squat bar can also appear. Bullish fractal can reach jaw (blue line), then we expect breakout to the downside
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZDUSD, Alligator is heading up, AO and AC are in red zone, MFI is descending without squat bars. Bearish fractal can reach H4 teeth line of Alligator, then we expect breakout to the upside.
At H1 chart of NZDUSD, Alligator is sleeping, AO and AC are in red zone and almost near balance line, MFI can show squat bar. Expecting fractals on both sides of the mouth and after that breakout to the upsideRoboForex Analytical Department