Analysis for June 24th, 2013
USD/CAD
At the H4 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is finishing a bullish fractal; AO and AC indicators are in the grey zone; there might be a Squat bar on the MFI. I’m keeping a buy order, a protective stop is below the Alligator’s lips (green line), Take Profit is at 1.0555.
At the H1 chart of the USD/CAD currency pair, the Alligator is moving upwards. The price is forming a bullish fractal; AO is in the green zone, AC is near the balance line; there is a Green bar on the MFI and might be a Squat one too; the angle of angulation is too acute for a reverse. After the bearish fractal reaches the Alligator’s teeth, I expect the price to start moving upwards.
NZD/USD
At the H4 chart of the NZD/USD currency pair, the Alligator is moving downwards. The angle of angulation is acute; the price is forming a bearish fractal; the indicators are in the green zone; there is a Squat bar on the MFI. A protective stop on my sell order is above the Alligator’s lips.
At the H1 chart of the NZD/USD currency pair, the Alligator is closing its mouth and going to sleep. AO and AC indicators are in the grey zone; there is a Fade bar on the MFI and might be a Squat one too. The price may rebound from the Alligator’s jaw while forming a bullish fractal.
RoboForex Analytical Department