Analysis for June 18th, 2014
USD CAD, “US Dollar vs Canadian Dollar”
At H4 chart of USDCAD, Alligator is sleeping, AO is near balance line, MFI is growing and squat bar possibly can appear. Bullish fractal can reach jaw (blue line), then I expect breakout of fractals to the downside.
At H1 chart of USDCAD, Alligator is going up however indicators are in red zone, AC is on the balance line, MFI declines and squat bar can appear. Expecting breakout of fractals to the downside.
NZD USD, “New Zealand Dollar vs US Dollar”
At H4 chart of NZDUSD, Alligator’s momentum is exhausted but still goes higher. AO and AC are in gray zone. On MFI squat bar can appear. Fractal can reach teeth of Alligator, then I expect breakout of fractals to the upside.
Alligator is sleeping on H1 chart, AO and AC are on balance line, MFI can show squat bar. Expecting breakout of fractals to the upside. RoboForex Analytical Department