Bill Williams’ Indicators Analysis 18.06.2013 (USD/CAD, NZD/USD)

Analysis for June 18^th, 2013

USD/CAD

At the H4 chart of the USD/CAD currency pair, the Alligator is closing its mouth. There is a divergence; the price is forming a bearish fractal; AO is near the balance line, AC is in the red zone; there is a Green bar on the MFI and might be a Squat one too. I’m planning to open some buy orders as soon as the price completes the bearish fractal.



At the H1 chart of the USD/CAD currency pair, the Alligator is sleeping. The price is forming a bullish fractal; AO and AC indicators are in the red zone; there is a Squat bar on the MFI. I expect the price to complete the bullish fractal and then break the Alligator’s mouth.

NZD/USD

At the H4 chart of the NZD/USD currency pair, the Alligator is closing its mouth after making a reverse. The price formed a bearish fractal; the indicators are in the red zone; there might be a Squat bar on the MFI. I’m staying out of the market until the price forms a bullish fractal.



At the H1 chart of the NZD/USD currency pair, the Alligator is opening its mouth downwards slowly. AO is in the red zone, AC is very close to the balance line; there is a Green bar on the MFI and no Squat ones yet. I expect the price to start moving downwards.



 
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